Many VCs must feel that the deck is currently stacked against them.
The Biden administration’s antitrust regulators are trying to prevent tech companies from amassing more power, including via acquisitions, at a time when the VC ecosystem is in desperate need of exits.
Officials at the Federal Trade Commission and the Justice Department this week released stringent new guidelines for evaluating regulatory approval of proposed mergers. The draft guidelines outline regulators’ aggressive antitrust approach over the last two years, PitchBook reports.
While the proposed rules could deter some acquisitions, antitrust attorneys say that the new guidelines are based on dated case law and, therefore, are unlikely to help the FTC and DOJ succeed at blocking mergers. Read more.
