The FTC has reportedly opened an investigation into Amazon’s MGM acquisition
The Federal Trade Commission has opened an investigation into Amazon’s acquisition of MGM, The Information reported Friday. The Information describes the probe as an “in-depth investigation into the deal,” which could signal that it will stretch on for many months. The investigation also means the deal will be scrutinized by an FTC newly headed up by Lina Khan, an antitrust advocate and an Amazon critic.
The FTC is focused on “the larger implications of the deal for Amazon’s market power,” The Information reported based on information from two people who knew of the probe, and that “the FTC is wary of whether the deal will illegally boost Amazon’s ability to offer a wide array of goods and services, and is not just limited to content…