Elizabeth Warren Calls For FTC To Do “All-Encompassing” Review Of Impact Of Proposed Amazon-MGM Merger

Elizabeth Warren Calls For FTC To Do “All-Encompassing” Review Of Impact Of Proposed Amazon-MGM Merger
Sen. Elizabeth Warren (D-ma) added her name to the chorus of lawmakers calling on government regulators to carefully scrutinize Amazon’s proposed acquisition of MGM, as she is calling on the Federal Trade Commission to take an “all-encompassing” approach to its review.

In a letter to FTC Chairwoman Lina Khan, first published by The Verge, Warren wrote that the FTC has taken a “narrow view” of such vertical transactions, “primarily focusing on price effects in the relevant product or service markets.” That is line with how other government entities have reviewed mergers, and a reason why Amazon’s purchase of Whole Foods pretty much sailed through in 2017.

But Warren thinks that the FTC should take a broader view of the impact of the merger. She argued in her letter that Section 7 of the Clayton Antitrust Act of 1914 prohibits any acquisition whose effect “may be substantially to lessen competition, or to
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