BRUSSELS : Amazon on Tuesday gained unconditional EU antitrust approval for its proposed $8.5 billion acquisition of U.S. movie studio MGM, a move that will help it better compete with streaming rivals Netflix and Disney+.
The EU competition enforcer said it had looked into the overlaps between Amazon and MGM in audio-visual content and found that the combined market shares are low and the presence of strong rivals.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more: