Home > Latest News > Amazon Wins EU Approval For MGM Takeover

Amazon Wins EU Approval For MGM Takeover

Amazon has been granted “unconditional approval” from the European Union to buy legendary movie studio MGM, hurdling a substantial roadblock.

The A$11.74 billion takeover was deemed to pose no competition issues within the 27-country EU. This means that Amazon will soon own the Rocky and James Bond franchises, among many other classic titles from MGM’s hundred-year reign.

“We’re pleased with the commission’s decision and, with MGM, look forward to providing more choice of quality entertainment for viewers,” Amazon said of the EU’s findings.



You may also like
Amazon Ups Services As Temu, Shein Sales Surge Ahead
Apple Facing New Lawsuit Over AirTags
Amazon’s New AI Tool Requires URL For Seller’s Pages
Drivers Wanted For Amazon Last Mile Initiative As They Move To Take On OZ Post
Who Are The Foreign Retailers Stripping Billions In Revenue Away From OZ CE Retailers