Lifestyle

Amazon closes $8.45B MGM acquisition

Amazon has closed its $8.45 billion acquisition of Metro-Goldwyn-Mayer Studios as it looks to boost its streaming service offerings to compete with entertainment rivals Netflix and Disney.

Sycamore and Hudson’s Bay prepare Kohl’s bids

Private-equity firm Sycamore Partners and Canada’s Hudson’s Bay plan to submit takeover bids for Kohl’s Corp. that could value Kohl’s above $9 billion, according to people familiar with the matter.