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FTC reportedly opens investigation into Amazon's MGM deal

The U.S. Federal Trade Commission on Friday opened a probe into Amazon’s recent purchase of MGM, suggesting a long slog is ahead for the e-commerce giant.Citing sources familiar with the matter, The Information reports the FTC is now investigating the $8.45 billion deal that was announced in May. The probe could last six or more months.As noted in the report, the deal does not appear to present obvious competition concerns. According to sources, the FTC is focusing on the wider scope of Amazon’s growing market power and whether the deal will exacerbate the situation. Specifically, the FTC is investigating how the deal might illegally goose Amazon’s ability to market a wide array goods and services, the report said. Read more…
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