Senator Warren Urges FTC to Examine Amazon’s MGM Acquisition
Senator Elizabeth Warren is urging the Federal Trade Commission to launch a detailed review of Amazon Inc (NASDAQ:AMZN)’s offer to buy MGM, as the purchase could have the tinges of unfair competition within the juicy streaming business. Amazon move on MGM, seen as unfair competitionAccording to The Verge, Warren sent a letter to recently-appointed FTC chair Lina Khan, urging the entity to scrutinize, “the possible anticompetitive effects this deal will have on streaming services and entertainment products.” In her letter, Warren also underlines the “broader impacts that this transaction may ha...