Word: ftc
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Dates: during 2000-2009
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...have seen a partial divergence on this case. That doesn't mean there was a right decision and a wrong decision. But take a merger that was larger than this one, AOL Time Warner [parent company of TIME]. There the European Commission authorized the merger well before the FTC did, and I would say with less heavy remedies...
...inquiry reflects a widening drive by Washington to restrain the relentless rise of prescription prices, which remain the fastest-growing component of America's $1.3 trillion health-care bill. The action is on two fronts. The FTC, for its part, is going after brand-name drug companies that seek to block cheaper, copycat generic drugs from the marketplace. At the same time, a bipartisan duo of congressional lawmakers is pushing legislation designed to restrict those anticompetitive tactics and speed up government approval of generic medicines...
...FTC chairman Robert Pitofsky now had a hand to play, a sudden and broad public mandate to go after both companies. "In January you couldn't have found a lawyer in Washington who would have questioned this deal," says Richard Parsons, Time Warner's president. "It turned into an unbelievable and frustrating course...
...company might restrict interactive TV (ITV) services over TW cable. Then a roster of instant-messaging companies charged that AOL was preventing any competitor's messages from penetrating AOL's proprietary IM architecture. By the fall, when AOL Time Warner had initially estimated they would close the deal, "the FTC was hitting us with a new issue every week," says an insider...
...Pitofsky could claim victory in that the FTC had established a template for regulation in the Internet age and had avoided the risk of losing control over the deal had he decided to sue to block the merger and lost. The new company was forced to relinquish its advantage in high-speed Internet service by agreeing to a deal that gives equal access to EarthLink, its largest competitor...