this sounds like it was dreamt up by a bunch of lawyers trying to get themselves more work. there's a lot more paperwork and bullshit involved in going into bankruptcy than just being bought out.
the point is not the thin edge case of bankruptcy vs merger, the point is that the fat part of the market would have been better off if Instagram was competing with Facebook, not part of Facebook, if video streaming services competed for eyeballs instead of being consolidated under Google who already controls eyeballs, etc.
little fish companies will be less likely to go out of business, and the economy will be more agile when they do if we stop allowing these big fat catfish to swallow everything in their pond.
> there's a lot more paperwork and bullshit involved in going into bankruptcy than just being bought out.
Not necessarily.
In fact, based on my experience I'd wager that in the bulk of the cases a bankruptcy would be far simpler from a paperwork perspective (but harder on the creditors).
fsckboy|2 years ago
little fish companies will be less likely to go out of business, and the economy will be more agile when they do if we stop allowing these big fat catfish to swallow everything in their pond.
jacquesm|2 years ago
Not necessarily.
In fact, based on my experience I'd wager that in the bulk of the cases a bankruptcy would be far simpler from a paperwork perspective (but harder on the creditors).