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Federal Trade Commission Will Review Amazon’s Proposed Acquisition Of MGM (Report)

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The Federal Trade Commission will review Amazon’s planned $8.45 billion with MGM, just as the agency has a new chairwoman who has called for reining in the power of the tech giant and other o…

, just as the agency has a new chairwoman who has called for reining in the power of the tech giant and other online platforms.The FTC and the Justice Department have authority over antitrust issues, and have traditionally split up with entity will review major transactions.

The deal, which would be Amazon’s second-biggest acquisition ever after the $13.7 billion purchase of Whole Foods, comes as the company goes through a leadership change. Founder Jeff Bezos will hand the CEO reins to Andy Jassy next month, though he will remain active in the company’s affairs as executive chairman.

In a virtual appearance last week at an investor conference hosted by Wall Street firm Credit Suisse, AT&T CFO Pascal Desroches said the company is confident in winning approval. But the timeline is unclear, he said. “We are hopeful that we are conservative in our outlook in terms of the time it is going to take to get it approved, but we don’t know.”

 

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Please stop this. I don’t want Blacula to serve Bezos.

They will definitely accept the Amazon & MGM merger just like they accepted the Disney & Fox merger!

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