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FTC Publishes Commentary on Vertical Merger Enforcement | Hogan Lovells

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On 22 December 2020, on a divided vote, the Federal Trade Commission (FTC or the Commission) issued a Commentary on Vertical Merger Enforcement (FTC Commentary) to provide “greater transparency to the public regarding its analysis of vertical mergers.” Following the FTC and Department of Justice (DOJ)’s publication of new Vertical Merger Guidelines in June 2020 (the 2020 Vertical Guidelines) , the FTC Commentary provides analysis of a number of the vertical merger cases the agency has adjudicated over the past 25 years, offering insights on the Commission’s handling of vertical merger issues and “describing the principal analytical techniques, practices, and enforcement policies” the Commission utilizes to determine whether a vertical merger poses potential competitive harm in violation of the antitrust laws. ....

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Federal Trade Commission Releases Commentary on Vertical Merger Enforcement | Troutman Pepper

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Split along partisan lines, the Federal Trade Commission (Commission) voted last week to issue Commentary on Vertical Merger Enforcement (Commentary). The Commentary intends to “provide[] greater transparency to the public regarding [the Commission’s] analysis of vertical mergers” by collecting in a single document the Commission’s past vertical merger cases and summarizing how it has analyzed potential anticompetitive effects in vertical transactions. [1]
The two Democratic commissioners dissented here just as they had in June 2020, with respect to the issuance of the Vertical Merger Guidelines (Guidelines) themselves. [2] Here, the dissenting commissioners caution against relying on the past to assess how the agency will, in the future, treat transactions that include a non-horizontal element, [3] while the Republican majority points out that the Democrats dissent “not because they quibble with the fa ....

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