Antitrust officials are right to look back at Facebook Inc.’s acquisition of Instagram to determine whether the deal harmed competition, Colorado’s attorney general said, adding to calls for renewed scrutiny of the takeover of the photo-sharing site.
Phil Weiser said in an interview Monday that large internet platforms like Facebook have been able to buy emerging rivals without sufficient antitrust review of the effects on competition.
“Hindsight is 20-20, but I think looking back it does look like that sort of transaction didn’t get the scrutiny it deserved,” Weiser said about the 2012 Instagram deal. “When a merger doesn’t get challenged that doesn’t mean it is immunized from any potential future challenge.”
Full Content: Bloomberg
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
T-Mobile’s Acquisition of Ka’ena Corporation Receives FCC Approval
Apr 26, 2024 by
CPI
UK Regulator Announces Two New Senior Executive Appointments
Apr 26, 2024 by
CPI
Paramount Global and Skydance Media Near Merger Deal, Eyeing CEO Change
Apr 26, 2024 by
CPI
BHP Unveils £31bn Mining Megamerger Proposal with Anglo American
Apr 25, 2024 by
nhoch@pymnts.com
ByteDance Prefers Shutdown Over Sale of TikTok Amid US Ban Threats
Apr 25, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Economics of Criminal Antitrust
Apr 19, 2024 by
CPI
Navigating Economic Expert Work in Criminal Antitrust Litigation
Apr 19, 2024 by
CPI
The Increased Importance of Economics in Cartel Cases
Apr 19, 2024 by
CPI
A Law and Economics Analysis of the Antitrust Treatment of Physician Collective Price Agreements
Apr 19, 2024 by
CPI
Information Exchange In Criminal Antitrust Cases: How Economic Testimony Can Tip The Scales
Apr 19, 2024 by
CPI