Home > Industry > Amazon’s MGM Takeover Could Be Blocked By FTC

Amazon’s MGM Takeover Could Be Blocked By FTC

Amazons’ takeover of movie studio MGM may be under threat, as the U.S. Federal Trade Commission reviews the deal.

The antitrust investigation will be led by former Columbia Law School professor Lina Khan, who took over as FTC chairwoman last week. She has been an outspoken advocate against dominant technology companies in the past.

Despite this, antitrust laws are notoriously hard to uphold. The FTC cleared Amazon’s takeover of Whole Foods, despite mass criticism.

Democratic Senator Elizabeth Warren said of the probe, “I’m glad the FTC will be investigating this deal. Amazon is no typical studio buyer, and the FTC should look into how this behemoth’s purchase may affect not just streaming and entertainment, but also workers, small businesses, and competition overall.”



You may also like
Amazon Investors Reject More Than A Dozen External Proposals At AGM
VR Deal Goes Pear Shaped For LG As They Now Try To Cuddle Up To Amazon
New Matter 1.3 Update To Enhance Water and Energy Management
New Moto G85 5G Smartphone Leaked Indicating Imminent Launch
All Microsoft Consumer Accounts Get Passkey Support