Sen. Amy Klobuchar calls on Justice Department to probe Amazon-MGM deal – Makena Kelly

Photo By Tom Williams-Pool/Getty Images

On Tuesday, Amazon announced that it had reached a deal to purchase the film and TV goliath MGM for $8.45 billion — and leading antitrust figures in Congress aren’t happy. In a letter today, Sen. Amy Klobuchar (D-MN) sounded the alarm over the size and scope of the deal, calling on the Justice Department to investigate the acquisition before it finalizes.

“This is a major acquisition that has the potential to impact millions of consumers,” the senator said in a statement Wednesday. “The Department of Justice must conduct a thorough investigation to ensure that this deal won’t risk harming competition.” Klobuchar chairs the committee tasked with overseeing competition in digital markets in the Senate.

The Justice Department did not…

Continue reading…

Read More