Amazon-MGM Deal Attracts Regulatory Attention: Reuters

  • Republican Senator Josh Hawley opposed 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 in 2010.
  • Price action: AMZN shares traded lower by 0.37% at $3253.22 on the last check Thursday.
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