The Acquisitions have continued in upper part of the market. With many expecting to fight this out in the courts.
An increasingly hostile regulatory climate hasn’t stopped Big Tech giants from continuing to seal billion-dollar deals.
Why it matters: There could be a clock on this. President Biden’s antitrust enforcers are flexing their muscles around mergers, Axios’ Margaret Harding McGill and Ashley Gold report.
Microsoft announced a $68 billion deal for video game company Activision Blizzard in January.
Amazon is under regulatory review for its $8.45 billion purchase of Hollywood studio MGM, announced last year.
👀 What we’re watching: Sarah Miller, executive director of the American Economic Liberties Project, says: “[T]he new generation of antitrust enforcers will not be bullied.”Axios AM By Mike Allen ·Mar 10, 2022