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published in Blogs
Jun 23, 2021
Amazon's (AMZN, $3,505.44) $8.45 billion proposed deal with MGM could be subject to FTC review

Amazon's (AMZN, $3,505.44) $8.45 billion proposed deal with MGM could be subject to FTC review

Amazon’s  proposed $8.45 billion acquisition of movie studio MGM will reportedly be reviewed by the Federal Trade Commission (FTC).

Last month, the companies announced the deal, in which Amazon seems to be aiming at boosting its Prime Video streaming platform’s content.

Citing sources familiar with the matter, The Wall Street Journal report suggested that the FTC advocated for review authority on the deal because it already has begun an antitrust query into Amazon’s business. On the antitrust issue, the Justice Department is looking at Apple  and Alphabet’s Google, while the FTC is probing into Facebook  and Amazon.

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