Authors: Pat Pascarella and Aaron Gott The idea of Elon Musk purchasing TikTok might sound like a headline ripped from a speculative business column, and maybe it is. But as antitrust lawyers, we couldn’t resist. Obviously, Mr. Musk already owns X, and any such acquisition might raise antitrust concerns. But…
Articles Posted in Mergers & Acquisitions
Antitrust Agency Publishes Revised HSR Notification Thresholds and Filing Fees For 2025
Authors: Steven Cernak and Luis Blanquez On January 10, 2025, the Federal Trade Commission (FTC) issued its usual annual announcement to increase the Hart-Scott-Rodino (HSR) Act thresholds. The 2025 thresholds will take effect 30 days after publication in the Federal Register, which means February 10, 2025. HSR requires the parties…
Mergers & Acquisitions, AI and Antitrust: The New Creative Ways for Big Tech to Enter the AI Market and Avoid HSR Rules
Author: Luis Blanquez Two of the main pillars from the Biden Administration Antitrust Policy in 2023 have been an aggressive merger enforcement agenda and its crusade against Big Tech and vertical integration. On the merger side, the Department of Justice (DOJ) and Federal Trade Commission (FTC) have published new Merger…
Best Practices for Merger Reviews before the Federal Agencies and the California Attorney General’s Office
Author: Paul Moore2 Introduction Over the past several decades State Attorneys General have become increasingly involved in merger reviews in tandem with the Federal Trade Commission and/or the U.S. Department of Justice’s Antitrust Division (the Regulatory Agencies). This increase in state merger reviews has been in parallel with states raising…
Did You Receive an FTC or DOJ Subpoena? Be Sure To Preserve Everything Ephemeral
Authors: Steven Cernak & Molly Donovan The Federal Trade Commission and the Department of Justice are reminding companies that, in responding to grand jury subpoenas and second requests, there is an obligation to preserve data and communications created using “new methods of collaboration and information sharing tools, even including tools…
Antitrust Agency Publishes Revised HSR Notification Thresholds and Filing Fees For 2024
Authors: Steven Cernak and Luis Blanquez On January 22, 2024, the Federal Trade Commission (FTC) issued its usual annual announcement to increase the Hart-Scott-Rodino (HSR) Act thresholds. The 2024 thresholds will take effect 30 days after publication in the Federal Register, which is expected soon, so the thresholds likely will…
FTC Sues IQVIA To Block Healthcare Programmatic Advertising Acquisition
Authors: Molly Donovan & Steven Cernak Update: The FTC has won a preliminary injunction to stop IQVIA from acquiring Propel Media. The judge (Judge Ramos in the Southern District of New York) ruled the injunction is in the public’s interest and the FTC has shown a reasonable probability of a…
Five Key Takeaways from Fifth Circuit’s Illumina Merger Review Opinion
Author: Steven Cernak On December 15, 2023, the Fifth Circuit remanded to the FTC its order requiring Illumina to divest its re-acquired subsidiary, Grail. Despite the remand, the opinion is a big win for the FTC. Below, we offer five takeaways for future merging parties and their counsel. [Disclosure: Bona…
Antitrust for Kids: Back to School with Tough New Rules—The Draft Merger Guidelines
Author: Molly Donovan You may remember Gordon—in many ways, he was dominant in the 5th grade, and though his behavior was questionable at times, he was very popular. I’m writing this story because Gordon is starting a new school year and has ascended to MIDDLE SCHOOL. Very cool, but very…
Lessons from the FTC’s Settlement of the Amgen/Horizon Merger Challenge
Authors: Steven Cernak and Luis Blanquez In case you missed it on the eve of a holiday weekend, the FTC and several states settled their challenge of Amgen’s acquisition of Horizon last Friday. The case might have seemed like an odd one to antitrust and merger practitioners looking only at…