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kyrers | 5 years ago

> "The report also recommends that Congress consider any acquisition by the big tech companies to be anticompetitive unless the companies can prove that the merger would be in the public’s benefit and could not be otherwise achieved."

I'm sorry, what? Two private tech companies cannot merge if they can't prove it is in the public's best interest? Am I understanding this correctly?

What if the influence on public welfare is non existent or minimal, but both companies would benefit from the merger?

discuss

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DaiPlusPlus|5 years ago

Look at your quote: it restricts it to "big tech" companies, and as nebulous as it sounds at-present I'd say it's quite easy to say which companies are "big".

kyrers|5 years ago

Yeah, I read it correctly but am just now realizing I wrote "tech companies" instead of "big tech companies", my bad.

So this is more a move to preven them from bullying smaller tech companies? I can see it from that angle, but it still seems to me that they want the power to block acquisitions.

For instance, would the following acquisition/merger be allowed: a big tech company acquiring a small company, which the owner wants to sell, that does not influence public welfare?