Meta suffers from antitrust scrutiny
Meta, formerly known as Facebook, was one of the most successful technology companies in its early years, but soon controversy and scrutiny from regulatory bodies affected its business and it had to reverse a couple of acquisitions it was looking to shore up its verticals. of social networks and metaverse.
The first was about Giphy, which it acquired in May 2020 for $315 million; However, the UK Competition and Markets Authority (CMA) forced the company to sell the gif library, arguing that it would “substantially reduce competition in two markets and has already led to the removal of a potential competitor from the UK online advertising market.”
In July 2022, the FTC blocked Meta’s acquisition of Virtual Reality company Within Unlimited because it would affect competition in the nascent metaverse market; However, the company still has a chance in this operation, since in February of this year, a federal judge said that the FTC did not offer enough evidence to prove its case.
Trump avoided the purchase of Qualcomm by Broadcom
In November 2017, Broadcom made an offer to buy semiconductor maker Qualcomm for $130 billion. Although the negotiations were complicated, the companies had reached an agreement, but the operation fell apart due to the then president of the United States, Donald Trump.