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

  • 📰 DEADLINE
  • ⏱ Reading Time:
  • 35 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 17%
  • Publisher: 63%

Sverige Nyheter Nyheter

Sverige Senaste nytt,Sverige Rubriker

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.”

 

Tack för din kommentar. Din kommentar kommer att publiceras efter att ha granskats.

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!

Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:

 /  🏆 109. in SE

Sverige Senaste nytt, Sverige Rubriker

Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.

Is the reflation trade over? What stock-market investors need to watchPeaking inflation expectations and a volatile cross-asset reaction to last week’s change in tune by the Federal Reserve has investors wondering if the reflation trade has run its course.
Källa: MarketWatch - 🏆 3. / 97 Läs mer »