In total, according to sources in the Wall Street Journal, Amazon delivered three million documents over the last eight months as part of the process. Although the deadline for the Federal Trade Commission to request more information has already passed, the agency could still challenge the acquisition later if it has a majority vote of the five members that are part of it.
For its part, the European Commission has already approved the transaction last Monday and assured that “it does not cause competition concerns”.
MGM purchase adds 4,000 movies to Amazon’s portfolioincluding the iconic James Bond saga, classics like “The Wizard of Oz” and hits like “The Silence of the Lambs” and “Thelma and Louise”.
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The veteran movie studio, founded in 1924, will become part of Amazon’s Prime Video unit and will be overseen by Senior Vice President Mike Hopkins, who underscored the “nearly century-long legacy of exceptional entertainment production” in a statement. from MGM.
Amazon thus seeks to enhance its Prime Video entertainment platform, which competes with other giants such as Netflix, Disney + or HBO.
It is the second largest acquisition in the history of Amazon, only behind the purchase of the Whole Foods supermarket chain for 13.7 billion dollars in 2017.
Amazon is being closely scrutinized by US authorities for fear that may violate the antitrust laws of the countrygiven the large size of the company and the power it has accumulated in certain sectors.
Last week, a committee of the US Congress asked the Department of Justice to investigate the company founded by Jeff Bezos and some of its senior officials for possible obstruction of the investigations it is carrying out.
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