European antitrust regulators gave Amazon approval for its MGM acquisition deal. Amazon expects MGM's collection of content will help it compete in the increasingly crowded world of streaming services.

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Amazon Gets the Go Ahead From the EU to Acquire MGM 

Meanwhile, antitrust regulators in europe are giving amazon the green light for their acquisition of MGM, the european commission officially approving the tech giant's proposed $6.5 billion acquisition that ahead of a deadline for the FTC to reach a verdict on that deal. But the deal is expected to ramp up the tech and e commerce giants, Prime video streaming service, and in turn, it will bolster its position in the streaming wars with netflix, Disney Plus and others.