ABSTRACT

Mergers and Acquisitions in Digital Markets [March 30, 2021]   [open pdf - 1MB]

From the Introduction: "Some Members of Congress have raised antitrust concerns about 'Big Tech'--Alphabet (Google), Amazon, Apple, Facebook, and Microsoft. The first four companies were the focus of an investigation on competition in digital markets conducted by the Subcommittee on Antitrust, Commercial, and Administrative Law of the House Judiciary Committee. A staff report issued by the subcommittee in 2020 asserts that, in digital markets, the 'significant and durable market power is due to several factors, including a high volume of acquisitions by the dominant platforms.' According to the report, over the past 20 years, Facebook acquired at least 63 companies, Alphabet at least 260, Amazon at least 100, and Apple at least 120. Microsoft reports acquiring 167 companies during the same time period. This report discusses the potential effects of mergers and acquisitions on competition in digital markets. It explains how federal antitrust agencies review proposed mergers, and explores some of the complications of examining mergers in digital markets. The report concludes with potential legislative options and some considerations for Congress."

Report Number:
CRS Report for Congress, R46739
Author:
Publisher:
Date:
2021-03-30
Copyright:
Public Domain
Retrieved From:
Congressional Research Service: https://crsreports.congress.gov/
Format:
pdf
Media Type:
application/pdf
URL:
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