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The Independent UK

National

Via AP news wire

EU regulators clear Amazon's $8.45 billion purchase of MGM

MGM Amazon Hollywood

Copyright 2020 The Associated Press. All rights reserved

European regulators on Tuesday cleared Amazon's purchase of Hollywood studio MGM, saying the deal doesn't raise any competition concerns.

The online shopping giant said last year that it was buying MGM in a $8.45 billion deal aimed at bulking up its video streaming service with more content to watch.

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