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Which mergers technically should have been stopped by the government? Two of the most successful acquisitions that come to mind are Google purchasing Android f
by fallingknife 3y ago
Which mergers technically should have been stopped by the government? Two of the most successful acquisitions that come to mind are Google purchasing Android for $50 million in 2005, and FB purchasing Instagram for $1 billion in 2012. The government didn't even try to stop them, and shouldn't have, because they can't predict the future.
As for the Android purchase, the feds aren't going to look at $50 million deals because $50 million deals are so tiny they just don't have monopoly concerns. And this was pre Iphone by a couple of years. Smartphones were barely a market at the time.
FB acquiring Instagram was the same. Social media was a new market and this was a smallish acquisition with no monopoly concerns. All the growth came after FB acquired them. Also, FB isn't a monopoly even today. The emergence of Tiktok proves that.
- paulryanrogers 3y agoDouble Click, Android, Instagram, Oculus All reduced competition and juiced markets with predatory pricing