What’s Next in Regulation
Recently, the Chairman of the US House of Representatives antitrust committee proposed banning mergers until the pandemic ends. Even before Covid-19 hit antitrust authorities on both sides of the Atlantic decided it was time to give mergers and acquisitions by Big Tech firms a close and hard look. Meanwhile, the realities of the economic crisis are forcing antitrust authorities to make difficult tradeoffs. As Deliveroo faced financial ruin the UK competition authority provisionally cleared Amazon’s investment, which it had put on ice and started probing in late December. The evolving intersection between the pandemic and the economy may affect the pace of mergers and acquisitions, investments, and IPOs over still unknown time horizon.
This roundtable will tackle three questions: Should merger policy change during the pandemic and if so how? Is now the time to tighten or loosen the antitrust grip on Big Tech? And how could these decisions affect innovation, entrepreneurs, and startups? And spanning these questions is the unfolding crisis affecting company M&A decisions as buyers or sellers. The panel consists of economists, lawyers, and investors who are in the trenches dealing with these issues.
In partnership with Competition Policy International