Cotton, Klobuchar propose antitrust bill to block tech mergers, acquisitions
November 9, 2021 | District of Columbia
A proposal to prevent large technology companies like Amazon, Apple, Google and Facebook from acquiring competitors has gained bipartisan support in the Senate.
Sens. Tom Cotton, Arkansas Republican, and Amy Klobuchar, Minnesota Democrat, introduced the Platform Competition and Opportunity Act to create a presumption against mergers and acquisitions by large tech companies.
The bill would require certain tech firms to show that any purchase of greater than $50 million does not help sustain its dominant position in the marketplace, according to Mr. Cotton’s office… (Excerpts from the Washington Times)
