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[CNA] EU approves Amazon's acquisition of MGM

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Amazon on Tuesday won the European Commission's unconditional approval for its $8.5 billion takeover proposal for US film company MGM, a move that will allow it to better compete with rival streaming companies Netflix and Disney+.

The European Commission said the deal would not raise competition concerns in Europe, confirming a Reuters article on 9 March.
(CNA)

CNA - Reuters
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