US competition enforcers launch overhaul of merger approval process
Posted On January 18, 2022
On Tuesday, the Justice Department and Federal Trade Commission launched a joint effort to modernize antitrust enforcement, seeking comment on how the agencies can apply current law in cases against tech companies like Meta (parent company of Facebook) and Google.
The announcement came at a joint press conference from FTC Chair Lina Khan and Justice Department Antitrust Chief Jonathan Kanter, who described the move as a wide-ranging enforcement modernization effort. While the announcement spans markets, it specifically questions how regulators should approach merger approval in digital markets, potentially setting new legal standards around data aggregation, interoperability, and market consolidation that can affect competition.