Time may be running out for the FTC to review Amazon’s $8.5 bln deal for MGM. It looks like the $1.5 trn e-commerce giant’s has one-upped its major critic, FTC Chair Lina Khan, writes jennifersaba:
The U.S. Federal Trade Commission is approaching a deadline in mid-March to challenge Amazon.com’s $8.5 billion acquisition of movie studio MGM, Reuters reported on March 3, according to a source familiar with the matter.
Amazon said it has filed the documents required by the FTC, triggering the clock for the review process, according to the Wall Street Journal on March 3.Source: Saul Loeb/Pool via REUTERS Lina Khan, nominee for Commissioner of the Federal Trade Commission , speaks during a Senate Committee on Commerce, Science, and Transportation confirmation hearing on Capitol Hill in Washington, DC, U.S. April 21, 2021.
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