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Amazon gives FTC deadline in mid-March to act on MGM acquisition: report

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.

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