Amazon closed its $8.45 billion deal for entertainment giant MGM on Thursday, acquiring the studio behind hit franchises such as “James Bond” – and sidestepping regulatory scrutiny from the Federal…
With the deal, Amazon and its Prime Video platform gain access to MGM’s extensive catalog, including more than 4,000 films and 17,000 TV episodes, the companies noted. The transaction was first announced last May.
The FTC faced a mid-March deadline to take legal action after Amazon certified to the agency that it provided all necessary information requested by antitrust investigators. The FTC has yet to file a challenge – clearing the way for Amazon’s acquisition to proceed., which asked the FTC to block the transaction – arguing it would stifle competition in the streaming market.as the FTC, led by antitrust champion Lina Khan, pursues a crackdown on the tech sector.
While the deal has concluded and the FTC’s initial deadline to challenge it has passed, the agency could still attempt to intervene in the future.
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