HomeBusinessAmazon’s Bid for MGM Is Approved by European Regulators

Amazon’s Bid for MGM Is Approved by European Regulators

The European Fee mentioned on Tuesday that it had “unconditionally” authorized Amazon’s $8.45 billion buy of the film studio Metro-Goldwyn-Mayer. The transaction would give Amazon, which has turn into a serious participant in streaming, management of the James Bond franchise.

The Federal Commerce Fee can be vetting the deal. However approval from Brussels is notable as a result of Europe has been notably aggressive in scrutinizing American tech corporations it believes have grown too highly effective.

“We’re happy with the fee’s determination and, with MGM, stay up for offering extra alternative of high quality leisure for viewers,” an Amazon spokeswoman, Angie Quennell, mentioned in a press release.

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