The US FTC files an administrative complaint challenging a proposed acquisition in the market for third-party paid referral services for senior living facilities and enters into a proposed consent decree (Red Venture / Bankrate)

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On November 3, 2017, the Federal Trade Commission filed a complaint challenging Red Ventures’ proposed acquisition of Bankrate. The FTC alleged that the deal likely would have lessened competition in the market for thirdparty paid referral services for senior living facilities—even though Red Ventures was not itself present in that market—since two of Red Ventures’ large private equity shareholders jointly own the closest competitor to Bankrate’s Caring.com. To remedy the FTC’s concerns, Red

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Authors

  • Shearman & Sterling (Washington)
  • Shearman & Sterling (Washington)
  • Shearman & Sterling (Washington)
  • Shearman & Sterling (New York)
  • Kirkland & Ellis (London)

Quotation

Wayne Dale Collins, David A. Higbee, Djordje Petkoski, Jessica K. Delbaum, Arjun Chandran, The US FTC files an administrative complaint challenging a proposed acquisition in the market for third-party paid referral services for senior living facilities and enters into a proposed consent decree (Red Venture / Bankrate), 3 November 2017, e-Competitions November 2017, Art. N° 85146

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