EU gives green light to Amazon buyout of MGM

The European Commission has unconditionally approved Amazon’s acquisition of MGM, concluding it ‘would raise no competition concerns in the European Economic Area.’
The bid by tech giant Amazon to buy one of the most recognisable media companies in the world was confirmed in May 2021 for a cool $8.45 billion, and we speculated at the time that antitrust authorities might have something to say about it given Amazon’s dominant position in other digital markets. It’s a