MGMB - MGM/Amazon deal said to see EC state of play meeting today

March, 01 2022 12:57 PM Mgm Holdings Inc Class A

Executives from Amazon's (NASDAQ:AMZN) and MGM Studios (OTC:MGMB) are said to be attending a "state of play" meeting with the European Commission today. While state of play meetings have in the past been associated with concerns about a transaction, these types of meetings have been occurring more frequently, according a Dealreporter item, which cited a source familiar. The parties are confident they will be able to receive EC Phase 1 approval without any concessions. The report comes after the Information reported Monday that the U.S. Federal Trade Commission is said to be preparing for a potential lawsuit to challenge the transaction. The FTC is said to be exploring options including hiring expert witnesses and will decide in the next few weeks if it will pursue a block of the deal. The MGM/Amazon deal was notified to the European Commission on Feb. 8, with a provisional deadline for a Phase I

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MGM/Amazon deal said to see EC state of play meeting today

Company Name:	Mgm Holdings Inc Class A
Stock Symbol:	MGMB
Market:	OTC

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