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> The purpose of antitrust law is to prevent monopolies, not to prevent industry consolidation. Consolidation is fine in the eyes of the law, but monopolistic b
by rndphs 5y ago
> The purpose of antitrust law is to prevent monopolies, not to prevent industry consolidation. Consolidation is fine in the eyes of the law, but monopolistic behavior isn't.
The purpose of antitrust law is to prevent anticompetitive behaviour by limiting the accumulation of market power. The most extreme case of this is monopolies.
I agree that no action will be taken, though. The current status quo is so full of market power abuse that this acquisition looks normal.