Sen. Warren calls for ‘meticulous’ review of Amazon’s MGM acquisition

Sen. Warren calls for ‘meticulous’ review of Amazon’s MGM acquisition
By Catie Keck

Sen. Elizabeth Warren (D-MA) speaks with reporters on her way to a lunch with Senate Democrats at the U.S. Capitol on June 22, 2021 in Washington, DC. | Photo: Drew Angerer/Getty Images

Senator Elizabeth Warren is calling on the Federal Trade Commission for a thorough review of Amazon’s bid to acquire MGM, arguing that the deal could harm consumers and may have anticompetitive effects in the streaming space and beyond.

In a letter addressed to newly sworn-in FTC chair Lina Khan and shared exclusively with The Verge, Warren urged the FTC to specifically and closely examine “the possible anticompetitive effects this deal will have on streaming services and entertainment products in addition to the broader impacts that this transaction may have on workers, small businesses, and competition overall as Amazon—which already dominates numerous markets—accelerates its aggressive monopolistic behavior.”

The FTC is said to be r...

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June 30, 2021 at 05:00AM
via The Verge - All Posts