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Amazon Closes MGM Deal After Regulators Decline to Oppose It

  • European officials blessed $8.5 billion transaction on Tuesday
  • Deal gives Amazon 25,000 hours of video streaming content
    

    

Photographer: Muhammed Selim Korkutata/Anadolu Agency/Getty Images
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Amazon.com Inc. said it closed the $8.5 billion acquisition of film studio Metro-Goldwyn-Mayer after regulators declined to challenge the deal, cementing the company’s biggest takeover in five years.

The closing, announced Thursday in a statement on the company’s website, marks the latest deal by a U.S. technology giant to win approval despite criticism that the companies have been able to gobble up smaller firms with little pushback from competition enforcers.