Big Law
EU Regulators Approve Amazon’s $8.45 Billion Purchase of MGM
European regulators on Tuesday cleared Amazon’s purchase of Hollywood studio MGM, saying the deal doesn’t raise any competition concerns.
The online shopping giant said last year that it was buying MGM in a $8.45 billion deal aimed at bulking up its video streaming service with more content to watch.
The European Commission said its investigation found the deal “would not significantly reduce competition” in European markets, including for movie and TV production, wholesale supply of TV channels and retail supply of “audiovisual services.”
