Amazon Wins EU Antitrust Nod for $8.5 Billion MGM Deal

Amazon Wins EU Antitrust Nod for $8.5 Billion MGM Deal
Smartphone with Amazon logo is seen in front of displayed MGM logo in this illustration taken on May 26, 2021. Dado Ruvic/Reuters Illustration/File Photo
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BRUSSELS—Amazon on Tuesday gained unconditional EU antitrust approval for its proposed $8.5 billion acquisition of U.S. movie studio MGM to help it to compete with streaming rivals Netflix and Disney+.

The European Commission said the deal would not pose competition concerns in Europe, confirming a Reuters story on March 9.