From PC Mag: The European Commission this week unconditionally approved Amazon's $8.45 billion acquisition of movie and TV studio MGM. Based on its investigation, the council concluded that the merger would raise no competition concerns among film and audio-visual content markets in the EU.
"The Commission found that MGM's films represent only a limited share of box office revenues in the EEA," according to an official press release, "and that overall MGM is not among the top production studios, despite its rights over successful film franchises such as James Bond."
Amazon still requires authorization from the Federal Trade Commission, which currently has two Democrat and two Republican members; the Senate has yet to vote on Alvaro Bedoya's appointment.
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