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Killer acquisitions, ‘potential competition’ cases in US states’ sights, Wisconsin official says

By Michael Acton ( March 31, 2023, 18:00 GMT | Insight) -- US state enforcers are concerned about killer acquisitions, including in the pharmaceutical industry, Gwendolyn Cooley, Wisconsin’s assistant attorney general for antitrust and chair of the states’ antitrust task force, said. Following the Federal Trade Commission’s unsuccessful bid to block Meta Platforms’ acquisition of VR app developer Within, Cooley also said companies can expect more such challenges to vertical deals based on the theory that an acquisition will eliminate potential competition because the buyer opts not to enter the same market with a competing product. US state enforcers are concerned about killer acquisitions, including in the pharmaceutical industry, Gwendolyn Cooley, Wisconsin’s assistant attorney general for antitrust and chair of the states’ antitrust task force, said....

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