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US FTC enters a more radical antitrust mode: prosecution blocking Meta acquisition of VR manufacturers

via:新浪科技     time:2022/7/28 15:03:03     readed:149

Sina Technology News On the morning of July 28, Beijing time, according to reports, on Wednesday, local time, in a antitrust lawsuit, the Federal Trade Commission (FTC) initiated a lawsuit, asking the court to prevent the Facebook parent company Meta mergers and acquisition of virtual reality fitness software development Business "Within Infinite Company".

It is reported that the goal of the American anti -monopoly female strong woman and FTC chairman Lina Khan took office, to use major challenging antitrust investigations and lawsuits to expand FTC's law enforcement authority. The latest signs show that the goal of Ke Khan is no longer a talked about troops on paper.

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  Change the latest acquisition transaction

In the complaint submitted on the same day, FTC accused that Meta was establishing dominance in an emerging market through the means of mergers and acquisitions. Meta's behavior killed the benign market competition and scientific and technological innovation.

A spokesman for Meta stated in the statement that the FTC's lawsuit was not in fact. The company believed that the merger and acquisition was conducive to the virtual reality market and consumers.

William Kovacic, a former member of the Federal Trade Commission, competed by George Washington University and former member of the Federal Trade Commission, commented that in the law enforcement of M & A transactions in the United States, the prosecution was the historical of the two institutions of the FTC and the Anti -Monopoly Agency of the US Department of Justice. The most important lawsuit.

"This is exactly the antitrust lawsuit that FTC has always promised to carry out."

  Expand antitrust law

The two major anti -monopoly law enforcement agencies in the United States are the FTC and the Anti -Monopoly Bureau of the Ministry of Justice. So far, the antitrust lawsuits initiated by these two institutions have occurred during the Trump administration, and the defendants were Meta and Google at the time.

The FTC's lawsuit against META is a milestone incident after Khan in charge of the agency. A few days ago, the US Congress Senate only passed the majority of one vote (this vote came from the US Vice President Harris) to appoint the fifth member of the FTC and Democrat Alvaro Bedoya. Fist.

Previously, Khan and Jonathan Kanter, director of the Anti -Monopoly Bureau of the Ministry of Justice, said that through some challenging lawsuits, trying to expand the border and law enforcement authority of the US antitrust law.

The U.S. Congress is drafting a new anti -monopoly law in the technology industry, but it is still unclear whether this new law can be approved before the August Congress. In the current context, the two major antitrust agencies of the federal government need to expand the existing law's law enforcement authority as much as possible.

In January this year, Khan talked about her view of some challenging lawsuits in the interview.

She said that some antitrust lawsuits may not ensure winning, and the FTC is likely to lose lawsuits, but the risk of risks is actually of great significance. The outside world has seen that in the field of antitrust, regulatory authorities have repeatedly reached a huge price, and FTC will reverse this status quo.

In September, in the memorandum sent to FTC employees, Khan also said that in antitrust law enforcement, FTC must have forward -looking thinking, especially paying attention to the anti -monopoly law enforcement of the next generation of new technology, scientific and technological innovation, and emerging industries.

  Controversial historical mergers

In the history of development over the past years, Meta has conducted a lot of strategic mergers and acquisitions. The most eye -catching is the two major acquisitions that occurred in 2014. The company bought a photo social networking site Instagram and spent $ 19 billion to acquire mobile chat tools for mobile chat tools WhatsApp.

Some critics pointed out that when the FTC was reviewed the two acquisitions of the year, Meta was lucky enough to pass the level. Without any obstruction, Meta and Zuckerberg got two emerging industry companies that are developing rapidly.

The previous fed FTC of Khan had initiated an independent antitrust lawsuit against META, involving the above two major mergers and acquisitions. FTC accuses Meta's acquisition of potential competitors to expand its monopoly position.

  The characteristics of the new lawsuit

The above -mentioned college scholars Corvati said that FTC may have similar backgrounds for META's two lawsuits, but this time Meta's acquisition of Within has some characteristics, which also increases the difficulty of winning a lawsuit.

Costcic said that the merger and acquisition belonged to the integration of vertical fields, and META may use acquisitions to launch the supplementary function of existing products. However, in the case of acquiring Instagram, Instagram may develop into an independent social network in the future and become a direct opponent of the Meta platform.

Corivic said that the FTC's lawsuit should be a "experimental lawsuit." In the future, the FTC and the Anti -Monopoly Bureau of the Ministry of Justice may conduct more challenging lawsuits.

Costcatch mentioned that this time the lawsuit of the acquisition of Within should be the beginning of a series of new lawsuits. These new lawsuits have been carefully planned to test the border of the US antitrust law. Litigation, this is an important step in antitrust supervision. "

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