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Amazon is likely to win the deal to acquire MGM in the EU

Amazon is likely to claim victory in a European Union antitrust court over its case to buy the MGM movie studio for $8.5 billion, Reuters reported on Wednesday (March 9). The European Commission will make its decision by March 15.

The move will see Amazon intensify its competition with streaming titans like Netflix and Disney+.

The deal will also improve Amazon’s Prime Video streaming service by adding more content. The acquisition would give Amazon access to the rights to the James Bond franchise, which grossed nearly $7 billion at the global box office, according to the report.

MGM also licenses content for video games, which could help Amazon in its development efforts in this area, the report said.

The U.S. Federal Trade Commission (FTC) also expects to rule on the deal by mid-March, according to the report.

In other Amazon news, the company has made changes to its grocery plans, including transferring its delivery people to the company’s Whole Foods division.

Read more: Amazon offers jobs for workers at Whole Foods grocery store

The goal is to help the company better compete with Walmart and new apps like Instacart and DoorDash.

The change, which was announced in late February, will make workers Whole Foods employees and give them longer shifts.

Now, schedules will be set up to three weeks in advance and cover two-week periods, returning to Amazon’s plan to view shift flexibility as a benefit.

Amazon has also acquired e-commerce software company Veeqo.

See more : Amazon acquires online business management startup Veeqo

Veeqo’s services help create tools for online businesses to sell items on and off Amazon. The deal was done in November, but Amazon didn’t make it public at that time.

Amazon has around 40% of the UK e-commerce market. But the company has pushed to sell on digital platforms like eBay, Etsy, Shopify and Walmart, charging sellers for services and other third-party logistics.



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