4 ms·
Is she though? From https://www.thebignewsletter.com/p/never-seen-anything-like-it-the-biggest https://www.thebignewsletter.com/p/never-seen-anything-like-...
by yathaid 3y ago
Is she though? From https://www.thebignewsletter.com/p/never-seen-anything-like-it-the-biggest https://www.thebignewsletter.com/p/never-seen-anything-like-...
> You wouldn’t realize this success if you listen to the conventional wisdom in politics, because Wall Street is pushing a public narrative that antitrust agencies are losing in courts, and therefore they are losing their ability to stop deals. But this isn’t true, because if it were, you wouldn’t see regular reports from business publications lamenting the decline in deals, and writing things like “The average size of mergers completed is now at the lowest level in 20 years.” And you wouldn’t have deal-makers on CNBC calmly describing how hard it is to get mergers done.
You heard the news about Microsoft-Activision and assumed that all mergers that were challenged are going through. There is a lot more to antitrust than what is showing up in HN readers' typically tech-focussed news.
- JumpCrisscross 3y agoYes, she is. I have done M&A. Because the FTC is almost guaranteed to forget to do its homework, e.g. forgetting to “even provide an actual figure or range for [the defendant’s] market share at any point over the past ten years,” this is a golden age for an M&A banker [1]. [1] https://storage.courtlistener.com/recap/gov.uscourts.dcd.224921/gov.uscourts.dcd.224921.73.0.pdf https://storage.courtlistener.com/recap/gov.uscourts.dcd.224...
- junofan 3y agoWouldn’t whistleblower compensation be more effective and scalable for American consumers than picking random fights? The SEC’s program blew away expectations.