Amazon’s Attempt To Buy MGM At Risk With FTC Review

The Federal Trade Commission (FTC) is set to review Amazon’s $8.45 billion purchase of venerable Hollywood studio MGM, home of franchises like James Bond and Rocky. The agency’s probe comes as it gets a new head who has been especially critical of Amazon’s business expansions in the past.

In a Yale Law Journal article, Lina Khan, who ascended to the FTC’s top office on June 15, wrote that Amazon “has evaded government scrutiny in part through fervently devoting its business strategy and rhetoric to reducing prices for consumers. It is as if Bezos charted the company’s growth by first drawing a map of antitrust laws, and then devising routes to smoothly bypass them.”