The latest: Amazon’s bid for MGM is approved by European regulators.



  • The European Commission said on Tuesday that it had “unconditionally” approved Amazon’s $8.45 billion purchase of the movie studio Metro-Goldwyn-Mayer. The transaction would give Amazon, which has become a major player in streaming, control of the James Bond franchise.

    The Federal Trade Commission is also vetting the deal. But approval from Brussels is notable because Europe has been particularly aggressive in scrutinizing American tech companies it believes have grown too powerful.

    “We’re pleased with the commission’s decision and, with MGM, look forward to providing more choice of quality entertainment for viewers,” an Amazon spokeswoman, Angie Quennell, said in a statement.




Did you miss our previous article...
https://trendinginthenews.com/tech-giants/how-california-is-building-the-nations-first-privacy-police