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New Antitrust Regulator to Review Amazon’s MGM Deal

·1 min read
New Antitrust Regulator to Review Amazon’s MGM Deal
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The Federal Trade Commission will review (AMZN) planned takeover of the Hollywood studio MGM. The regulator’s new chair, Lina Khan, has been critical of the online retailer’s size and influence. Amazon announced the $8.5 billion equity and debt deal last month to boost its video streaming capabilities as it competes with (NFLX) and (DIS) MGM’s library includes the James Bond film franchise and television shows such as The Handmaid’s Tale and Vikings.