FTC reportedly opens investigation into Amazon s MGM deal The U.S. Federal Trade Commission on Friday opened a probe into Amazon s recent purchase of MGM, suggesting a long slog is ahead for the e-commerce giant.
Citing sources familiar with the matter,
The Information reports the FTC is now investigating the $8.45 billion deal that was announced in May. The probe could last six or more months.
As noted in the report, the deal does not appear to present obvious competition concerns. According to sources, the FTC is focusing on the wider scope of Amazon s growing market power and whether the deal will exacerbate the situation. Specifically, the FTC is investigating how the deal might illegally goose Amazon s ability to market a wide array goods and services, the report said.
The U.S. Federal Trade Commission on Friday opened a probe into Amazon s recent purchase of MGM, suggesting a long slog is ahead for the e-commerce giant.
Citing sources familiar with the matter,
The Information reports the FTC is now investigating the $8.45 billion deal that was announced in May. The probe could last six or more months.
As noted in the report, the deal does not appear to present obvious competition concerns. According to sources, the FTC is focusing on the wider scope of Amazon s growing market power and whether the deal will exacerbate the situation. Specifically, the FTC is investigating how the deal might illegally goose Amazon s ability to market a wide array goods and services, the report said.
Former U.S. DOJ Deputy Assistant Attorney General Alex Okuliar Joins Morrison & Foerster as Global Antitrust Co-Chair in Washington, D.C.
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Mr. Okuliar’s arrival underscores the continued expansion of the firm’s global antitrust capabilities and Washington, D.C. office; third senior DOJ official to join the firm since the start of the year WASHINGTON, D.C. (PRWEB) March 16, 2021
Morrison & Foerster, a leading global law firm, is pleased to announce the arrival of Alexander P. Okuliar as a partner in its Antitrust Practice Group in Washington, D.C. Mr. Okuliar will serve as co-chair of the firm’s Global Antitrust Practice Group with current co-chairs Jeff Jaeckel and Lisa Phelan. He brings to the firm over two decades of experience, both in government and private practice roles. Mr. Okuliar joins the firm from the U.S. Department of Justice (DOJ), where he most recently served as Deputy Assistant
Facebook to port UK users onto US agreements Sign in with LinkedIn
17 December 2020 | Natalie Bannerman Facebook has confirmed plans to move its UK users to new agreements with its corporate headquarters in California.
The move could see UK users distance themselves from the more stringent European Union (EU) privacy rules, post Brexit.
The changes are due to come into effect in the new year and follows similar moves by the likes of Google which announced similar plans back in February. UK users will receive a notification of the changes to their terms and conditions in the first half of 2021.
Both companies have additional European headquarters in Dublin, Ireland which will remain in the EU changing the legal relationship between the two.