Home https://server7.kproxy.com/servlet/redirect.srv/sruj/smyrwpoii/p2/ Business https://server7.kproxy.com/servlet/redirect.srv/sruj/smyrwpoii/p2/ The FTC is reportedly investigating Amazon’s acquisition of MGM

The FTC is reportedly investigating Amazon’s acquisition of MGM

Amazon’s acquisition of MGM could take much longer than planned. The information Sources say the Federal Trade Commission has launched an “in-depth” investigation into Amazon’s MGM acquisition over the potential for monopoly abuse. Officials are concerned about the possibility that the acquisition “illegally increases” Amazon’s influence in offering goods and services, not just the content it produces.

MGM declined to comment. We have asked Amazon for comment.

A probe would not be entirely unexpected. The FTC and the Department of Justice agreed on a review of the deal when frequent Big Tech critic Lina Khan was named FTC chairman. Amazon has expected a hard job and went so far as to ask for Khan’s recall in upcoming cases. She is not expected to bow to the MGM investigation.

This does not necessarily result in the FTC blocking the deal. However, it may impose terms of purchase and could easily delay a completed agreement by several months. It took more than a year for Google to complete the acquisition of Fitbit ̵

1; Amazon may have to wait a similar amount of time to own MGM, and provided there are no major obstacles.

All products recommended by Engadget are selected by our editorial staff, independent of our parent company. Some of our stories include affiliate links. If you purchase something through one of these links, we may earn an affiliate commission.

Source link