FTC To Review Amazon’s MGM Purchase

Originally published on Dark Horizons by Garth Franklin

In the wake of Amazon’s recent acquisition of MGM, the U.S. Federal Trade Commission will reportedly review the deal according to The Wall Street Journal.

The Justice Department and FTC reportedly divvied up antitrust investigations of the tech giants like Apple, Google, and Facebook who are also the subject of the probes.

However the FTC requested and pushed for jurisdiction over the Amazon-MGM deal because it is currently overseeing an ongoing antitrust probe. Lina Khan, a long-outspoken critic of Amazon, recently became FTC chair.

Amazon acquired MGM in May in a deal valued at nearly $9 billion and one that saw Amazon scoop up tens of thousands of hours

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