Reuters reveals Amazon to secure unconditional EU approval for $8.5 bln MGM buy - Reuters News Agency
Business & Finance

Reuters reveals Amazon to secure unconditional EU approval for $8.5 bln MGM buy

Reuters exclusively reported that Amazon is expected to win unconditional EU antitrust approval for its $8.5 billion buy of U.S. movie studio MGM, people familiar with the matter said, a move that is set to ramp up competition with streaming rivals Netflix and Disney+. Announced in May last year, the deal would also strengthen Amazon’s video streaming service, drawing people to subscribe to Amazon Prime, which offers fast shipping and encourages consumers to shop more regularly.

Article Tags
Topics of Interest: Business & Finance
Type: Reuters Best
Sectors: Equities
Regions: Europe
Countries: US
Win Types: Exclusivity
Story Types: Exclusive / Scoop
Media Types: Text
Customer Impact: Major Global Story
{e97a0208-22a2-4d77-8d6e-63ee553cff33}_Amazon_mgm
Sign up for email updates
Subscribe
Sign up for email updates