3 ms·
> I just don't see this being accepted by public opinion, and thus by the French government Do they have a word to say on the issue?
by yodsanklai 9y ago
> I just don't see this being accepted by public opinion, and thus by the French government
Do they have a word to say on the issue?
- grondilu 9y agoWell, now that I think about it, Arcelor was bought in 2006, despite public hostility. But really, Carrefour is a big name in France. If Amazon buys it and the government either does nothing or fails to prevent it, the French left-wing will go nuts.
- Simon_says 9y agoThey're already nuts.
- runeks 9y agoI’m also interested in hearing how willing the French government is to prevent the acquisition of a French private company. I’d think this should be up to the owners of the company in question, but the people of France may disagree with me.
- grondilu 9y agoThere is a rich legal background surrounding mergers and acquisitions in financial markets, not to mention the antitrust laws. The French government can even write new laws if need be. France is only theoretically capitalistic, in practice the weight of the government is heavy on companies.
- sametmax 9y agoUnless someone big can make a case that it would be building some kind of monopoly, I doubt french people can do anything about it. Since the competition is fierce in retailing, it would not fly anyway. If amazon manage to negotiate the acquisition, I don't think it can be easily stopped. Even if my country forbid it for obscure reasons, Europe would probably override the decision. It's funny reading the reactions from my french co-citizens, like they are talking about selling the Eiffel Tower.