On 18 January 2022 the Department of Justice (DOJ) and Federal Trade Commission (FTC) held a press conference to announce a joint effort to modernize the horizontal and vertical federal merger guidelines “to better detect and prevent illegal, anticompetitive deals in today’s modern markets.”  FTC and DOJ Stress Need for Merger Guidelines to Reflect Realities of the Modern Economy In her opening statement, FTC Chair Lina Khan noted that a review of the federal merger guidelines is especially timely given the “major technological and economic changes [that] have led to shifts in how businesses compete and grow . . ."  Echoing these sentiments, Assistant Attorney General Jonathan Kanter noted that the “digital revolution” has transformed the economy “on a level that rivals the
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