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Re: Streaming services news, offers and general chit chat
Amazon's $8.5 billion MGM pursuit taking more time for antitrust look
Quote:
Amazon.com's (AMZN -3.6%) $8.5 billion deal to acquire MGM Studios (OTC:MGMB) is likely to take a while to wrap up, as the Federal Trade Commission continues to pore over it for antitrust concerns, according to Deal reporter
While the FTC could go either way, the Amazon/MGM deal is viewed as having fewer antitrust issues than AT&T's pursuit of Time Warner - a deal that the DOJ challenged unsuccessfully.
Meanwhile, the Amazon/MGM deal was notified to the European Commission on Feb. 8, with a provisional deadline for a Phase I decision coming March 15.
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https://seekingalpha.com/news/379933...st-look-report
Last edited by TimeLord2018; 14-02-2022 at 23:05.
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