The Federal Trade Commission will review Amazon’s planned $8.45 billion deal with MGM, just as the agency has a new chairwoman who has called for reining in the power of the tech giant and other online platforms.
The Wall Street Journal reported that the FTC would review the transaction.
The FTC and the Justice Department have authority over antitrust issues, and have traditionally split up with entity will review major transactions.
A spokesperson for the FTC said that they “do not confirm the existence of investigations, and we have no further comment on this.” An Amazon spokesperson had no comment.
While antitrust experts have raised doubts about the government’s ability to block the merger, Amazon’s announcement that it planned to buy MGM drew criticism from lawmakers on Capitol Hill and calls for regulators to closely review the deal.
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