Will the FTC's Suit Against Facebook Stifle M&A? Probably Not.
Order Reprints Illustration by Elias Stein In suing Facebook this past week, the Federal Trade Commission cited a “yearslong course of anticompetitive conduct.” The FTC wants the company to divest Instagram and WhatsApp, two acquisitions that the commission signed off on years ago. Facebook called the effort “revisionist history” and said that it would send a “chilling warning to American business that no sale is ever final.” Don’t feel too bad for corporate deal makers, though. Investment bankers are a hearty bunch who have persevered for decades. Even after t...
Source: barrons.com