Amazon wins EU approval for its $8.45 billion purchase of MGM
there was limited overlap between the companies and said the merger wouldn't severely reduce competition in the theatrical film and audio-visual content markets.
"The Commission found that MGM's upstream activities as a producer and licensor of AV content are limited compared to other market players' activities; MGM's content cannot be considered as must-have; and a wide variety of alternative content exists," the EC said.
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