Klobuchar Calls for Investigation of Amazon-MGM Megamerger
https://www.vice.com/en_us/article/88nqja/klobuchar-calls-for-investigation-of-amazon-mgm-megamerger
Amazon announced on Wednesday it would be taking over Metro-Goldwyn-Myer, the 97 year-old film studio in a $8.45 billion deal. The deal would be the second entertainment megamerger in as many weeks, following the announcement of a $43 billion merger between AT&T spin-off WarnerMedia and Discovery.
The deal allows Amazon to beef up its entertainment offerings in a big way, as it seeks to compete in the streaming space with its Prime Video service and draw more customers into its retail offerings.