Baxia Markets
July 01, 2021

Amazon acquisition of MGM to be reviewed by FTC

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Amazon’s takeover of movie studio Metro-Goldwyn-Mayer will be reviewed by the U.S. Federal Trade Commission, which is now led by one of the most prominent critics of dominant technology companies.

The FTC will oversee the antitrust investigation of the deal instead of the Justice Department. Lina Khan, a former Columbia Law School professor who is an outspoken advocate of aggressive enforcement against tech platforms, took over as chairwoman of the FTC last week after the Senate confirmed her.


Amazon June 30th 2021

The proposed acquisition drew criticism from those worried about the growth of tech companies, but antitrust experts have said it will be difficult for regulators to stop. The FTC previously cleared Amazon’s acquisition of Whole Foods Market Inc. after finding no competition concerns.

Amazon and its tech peers have bought hundreds of companies in the last decade, none of which has been stopped by antitrust enforcers in the U.S.

Their buying spree has triggered criticism that antitrust cops aren’t aggressive enough to challenge the companies. It’s also fueling calls for new legislation that would revise antitrust laws.


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