Amazon to secure unconditional EU approval for $8.5 billion MGM acquisition deal - Reuters

• Amazon said it would acquire MGM studio for $8.5 billion last May

• EU is scheduled to announce its decision by March 15

Amazon.com Inc ( AMZN) is expected to win unconditional EU antitrust approval for acquiring U.S. movie studio MGM, Reuters reported on Wednesday, citing people familiar with the matter.

Last May, the e-commerce giant announced the $8.5 billion acquisition deal to strengthen Amazon’s video streaming service and ramp up competition against streaming rivals Netflix Inc (NASDAQ: NFLX) and Walt Disney Co’s (NYSE: DIS) Disney+ streaming platform.