MGMB - FTC opens thorough probe into Amazon's $8.5B MGM acquisition - report

The Federal Trade Commission has opened an in-depth investigation into Amazon.com's (AMZN -0.5%) $8.5B deal for MGM (MGMB), The Information reports. That's an indicator that the closing is a long time off, after a probe that could run six months or more.The FTC was already set to review the deal after negotiating with the Justice Dept. It also indicates that the FTC under new leader Lina Khan may be energized to take a harder look at even smaller deals from Amazon in industries where it doesn't already have a strong position, the report notes.

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FTC opens thorough probe into Amazon's $8.5B MGM acquisition - report