Nominee to be Associate Attorney General Vanita Gupta testifies before the Senate Judiciar...

DOJ official signals firm stance against ‘killer acquisitions’ – CNBC

Nominee to be Associate Attorney General Vanita Gupta testifies before the Senate Judiciary Committee during her confirmation hearing on Capitol Hill in Washington, March 9, 2021.Joshua Roberts | ReutersThe Department of Justice will not shy away from enforcing antitrust laws against so-called "killer acquisitions," where dominant firms buy start-ups before they can become competitive threats, says a top department official.Associate Attorney General Vanita Gupta, who oversees the agency's Antitrust Division, spoke at the Georgetown Law Global Antitrust Enforcement Symposium Tuesday. There, she said acquisitions of nascent competitors "are one category of particularly concerning transactions because they undermine competition that can …

 

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