Mergers: Commission Approves Acquisition of MGM by Amazon

Rekabet Hukuku

The European Commission (“the Commission”) has approved unconditionally, under the EU Merger Regulation, the proposed acquisition of MGM Holdings Inc. (“MGM”) by Amazon.com Inc (“Amazon”). The Commission concluded that the transaction would raise no competition concerns in the European Economic Area (“EEA”).

Based on its market investigation, the Commission found that the transaction, as notified, would not significantly reduce competition in the markets for (i) the production and supply of AV content, (ii) the wholesale supply of TV channels, (iii) the retail supply of AV services, (iv) the production and licensing of distribution rights to third-party distributors of films for theatrical release and (v) the provision of marketplace services. These markets are found to be likely national in scope.

During its investigation, the Commission examined:

  • The horizontal overlaps between the activities of Amazon and MGM in the AV content value chain.
  • The vertical links between the activities of Amazon and MGM in the AV content value chain.
  • The vertical link between the activities of Amazon and MGM in the upstream market for the production and licensing of films for theatrical release and the downstream market for the theatrical exhibition of films.
  • The conglomerate links regarding MGM's content and Amazon's existing bundle of AV retail and marketplace service products.

The Commission, therefore, concluded that the proposed transaction would raise no competition concerns on any of the markets examined in the EEA and cleared the case unconditionally.

You can reach further information here.

Kind regards,

Zumbul Attorneys at Law

info@zumbul.av.tr