Amazon.com Inc. has given the Federal Trade Commission a mid-March deadline to rule on Amazon’s proposed $6.5 billion purchase of the MGM movie and television studio, according to a Wall Street Journal report on Thursday. The ultimatum came after the e-commerce giant certified to the FTC that it provided all the information requested by antitrust investigators, the Journal reported, citing people familiar with the matter. If the FTC doesn’t file a legal challenge before the deadline, Amazon could be free to consummate the deal. However, the commission may continue to review a deal even if it closes. Amazon was not immediately available for comment.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.