Amazon-MGM Deal Attracts Regulatory Attention: Reuters

May 27, 2021 11:44 AM | 1 min read |

Republican Senator Josh Hawley opposed Amazon.com Inc’s AMZN $8.45 billion MGM Studios acquisition by labeling the e-commerce retailer “a monopoly platform” in a tweet, Reuters reports.
Senate’s antitrust panel chair, Democratic Senator Amy Klobuchar, sought a thorough inquiry to gauge the deal’s possible anticompetitive angle.
Recently, the Washington D.C. attorney general filed an antitrust lawsuit against Amazon for an alleged price war.
Amazon continues to face flak for acquiring competitors, like online shoe seller Zappos in 2009 and Diapers.com in 2010.
Price action: AMZN shares traded lower by 0.37% at $3253.22 on the last check Thursday.

Posted In: M&A News Legal Tech Media Briefs Reuters

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