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The WarnerMedia-Discovery merger has been approved, while Amazon-MGM remains dormant

The biggest media deal of the last two decades, the $43 billion deal between Discovery, Inc. and WarnerMedia, passed its last regulatory hurdle on Wednesday. US antitrust officials gave the deal the all-clear.

As the deal between two big content providers went through, the future of a smaller deal, Amazon’s $8.45 billion acquisition of MGM Studios, is still up in the air. It came out a few days after the Discovery-Warner deal.

Washington insiders say that the holdup on Amazon’s deal with MGM shows how much extra attention Big Tech is getting. Ex-House Judiciary aide: “Discovery and Warner are merging, but it’s not an all-powerful company” Source: “Amazon is a clear monopoly in the digital space,” the source said.

Regulators might be wary of a Big Tech company like Amazon adding even more weight to itself by adding MGM and its content, sources say.

A media analyst at LightShed Partners, Rich Greenfield, told the New York Post that “the situation shows how much the government hates Big Tech and how Big Tech is in the crosshairs, especially when it comes to M&A.”

When Facebook tried to buy a GIF-sharing site called Giphy, he said, “TikTok is taking over the world of entertainment, and Facebook can’t even buy Giphy.”

FTC head Lina Kahn has been very critical of Big Tech and other mergers.
Bloomberg used Getty Images to show us this.

To be sure, it’s much easier to crack down on Big Tech when a company wants regulators to OK a deal than it is to go after the company after the fact.

For some people, this could be a great way to get back at Amazon. They could look into the deal between MGM and Amazon.

They already have to do a lot of work already.

People in the Justice Department’s antitrust division, which is led by an anti-Google activist named Jonathan Kanter, want to stop Google from having “unlawful monopolies” in the online search and advertising industries.

And the Federal Trade Commission, led by Lina Khan, is also looking into Facebook and Instagram parent company Meta and Microsoft’s $69 billion acquisition of Activision-Blizzard at the same time.

About the author

Akanksha Jain

Akanksha Jain love to learn new stuff every day. With a background in computer science and a passion for writing, she loves writing for Startup, Business sections of Editorials99.

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