Washington, D.C. — The American Economic Liberties Project released the following statement in response to Amazon’s proposed $8.45 billion acquisition of MGM Studios.

“In acquiring MGM Studios, Amazon is brazenly trying to take over another sector of the economy,” said Sarah Miller, Executive Director of the American Economic Liberties Project. “Congress should respond quickly by passing bipartisan legislation to ban mergers by large tech firms. And President Biden must appoint a full slate of smart, aggressive antitrust enforcers at the DOJ and FTC as soon as possible.”

To learn more, read Economic Liberties’ “Understanding Amazon” report here.

Learn more about Economic Liberties here.

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The American Economic Liberties Project works to ensure America’s system of commerce is structured to advance, rather than undermine, economic liberty, fair commerce, and a secure, inclusive democracy. Economic Liberties believes true economic liberty means entrepreneurs and businesses large and small succeed on the merits of their ideas and hard work; commerce empowers consumers, workers, farmers, and engineers instead of subjecting them to discrimination and abuse from financiers and monopolists; foreign trade arrangements support domestic security and democracy; and wealth is broadly distributed to support equitable political power.