Following the $13.7 billion acquisition of Whole Foods by Whole Foods in 2017, Amazon acquired MGM on the 17th for $8.5 billion.
– MGM owns more than 4,000 movies and TV dramas, including the ‘007’ franchise and the ‘Rocky’ series.
– The U.S. Federal Trade Commission (FTC) and the European Commission did not find any potential antitrust violations in the transaction, so the transaction proceeded without any problems.
– Meanwhile, U.S. Senator Elizabeth Warren introduced the Prohibiting Anticompetitive Mergers Act to the Senate, which would prohibit acquisitions of more than $5 billion.
