Op-Ed: UK proposals on Big Tech M&A risk stifling competition
Financial Times – ICLE Director of Competition Policy Sam Bowman had an op-ed in the Financial Times about the U.K.’s proposals to lower the burden of proof the Competition and Markets Authority would need to block acquisitions by Big Tech companies. You can read the full piece here.
These proposals threaten to go even further, and run the risk of causing significant harms that the CMA has ignored. It’s now up to the government whether the agency gets these powers. It should stand up for dynamic, competitive markets by saying no.