Amazon.com Inc said on March 17 that it has completed an $8.5 billion acquisition of Hollywood studio MGM (Metro-Goldwyn-Mayer, MGM).
The report pointed out that Amazon had previously certified to the Federal Trade Commission (FTC) that it had provided all the information requested by antitrust investigators reviewing the deal.
The move set a deadline for the agency’s review that has now expired, leaving Amazon free to proceed with the deal, a person familiar with the matter said.
As part of the review process, Amazon has provided the FTC with more than 3 million documents over the past eight months, the person said.
Although the review period has passed, the agency can still challenge the takeover at a later date if a majority of the FTC members vote in favor, the report said.
The five-member FTC currently has two Democrats and Republicans and one vacancy for which U.S. President Joe Biden's nominee is still subject to Senate approval.
(Produced by Zhou Jing)
Responsible editor: [Li Ji]