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AT&T's acquisition of T-Mobile was aborted due to anti-trust complaints if I recall correctly. The original purchase of Rite Aid by Walgreens was aborted due t
by apocalyptic0n3 5y ago
AT&T's acquisition of T-Mobile was aborted due to anti-trust complaints if I recall correctly.
The original purchase of Rite Aid by Walgreens was aborted due to similar concerns, although that one ended in a revised partial acquisition anyway.
The Staples acquisition of Office Depot/Office Max was stopped as well on anti-trust grounds.
They also blocked a merger of Nasdaq and NYSE.
Those are all since 2010. I'm sure I'm forgetting a few big ones too. They should definitely be blocking more, but they have stopped some.
- PascLeRasc 5y agoIntuit was blocked from buying Credit Karma Tax just recently. https://www.justice.gov/opa/pr/justice-department-requires-divestiture-credit-karma-tax-intuit-proceed-acquisition-credit https://www.justice.gov/opa/pr/justice-department-requires-d...
- vl 5y agoAnd MS from buying Intuit
- LadyCailin 5y agoThank goodness, they don’t need any more power over people.
- wayoutthere 5y agoThey blocked Comcast from merging with Time Warner Cable. By “they” I’m referring to AT&T and Verizon (the two biggest telecom providers in the US), who were afraid of a third telecom provider establishing a national footprint and potentially challenging them across wireless and wireline. By preventing the merger through their immense political connections, they keep both Comcast and TWC as regional players who are much easier to monopolize. So even the antitrust that goes through usually only goes through because powerful (often monopolistic) forces want to block a merger, not because it’s what’s objectively best for competition.
- RC_ITR 5y agoIt's also worth noting the FTC (not just the Justice Department) can sue to block mergers on competitive grounds: see Visa <> Plaid from 2020.