DOJ and FTC Release , New Draft Merger Guidelines.
DOJ and FTC Release , New Draft Merger Guidelines.
The Federal Trade Commission and Department of Justice released draft updates to America's merger guidelines on July 19, CNN reports.
The Federal Trade Commission and Department of Justice released draft updates to America's merger guidelines on July 19, CNN reports.
It's been over 10 years since such changes have been proposed.
If adopted, the updated guidelines would affect how the American government addresses merger deals it finds anticompetitive.
Unchecked consolidation threatens the free and fair markets upon which our economy is based, Attorney General Merrick Garland, via statement.
These updated merger guidelines respond to modern market realities and will enable the Justice Department to transparently and effectively protect the American people from the damage that anticompetitive mergers cause, Attorney General Merrick Garland, via statement.
The public is welcome to express its opinion about the draft updates until Sept.
18, CNN reports.
These guidelines really represent a much more nuanced, on-the-ground view of the different ways in which illegal mergers can hurt people, including workers, Senior official, via CNN.
Mergers involving multiple smaller deals would also be subject to more scrutiny.
In many instances, the problem with a merger isn’t always that a company is buying a direct competitor, but it might be buying a company that threatens its dominance, either through disintermediation or through technologies that might disrupt and displace its position, Senior official, via CNN.
For example, the FTC is currently suing to break up Facebook's ownership of both Instagram and WhatsApp
