Research On Anti Monopoly Regulation Of Killer Acquisitions

When the digital economy has become the main driving force for my country’s economic growth,the leading companies in the digital economy have grown stronger day by day.At present,leading companies in various countries maintain their market dominance through continuous acquisitions.However,in many cases,the acquisitions of leading companies are not reviewed by relevant law enforcement agencies.The reason is that the targets of acquisitions by leading companies are emerging start-ups in the market.It is often characterized by small scale and not yet profitable,so it is easy to escape the supervision of law enforcement agencies.We call the acquisition of start-ups by leading companies as strangled mergers and acquisitions.Most countries do not have relevant laws and regulations on strangled mergers and acquisitions.It was not until the appearance of articles on strangled mergers and acquisitions in 2018 that it attracted widespread attention.Therefore,this article mainly focuses on the current hot issues of anti-monopoly,analyzes and studies the specific behavior of killing mergers and acquisitions,and combines the specific cases of killing mergers and acquisitions as well as some advanced practices of relevant countries outside the region as a reference,hoping to be able to provide a better understanding of my country’s Internet.Current problems in mergers and acquisitions offer some well-rounded paths.This article is divided into four parts: the first part of this article is mainly to analyze the specific behavior of killing mergers and acquisitions,clarify the concept of killing mergers and acquisitions and analyze the specific characteristics of killing mergers and acquisitions,combine statistics theory,economics Theories and the traditional Chicago School theory analyze the behavior of killing mergers and acquisitions from the theoretical level,and analyze the possible damage of killing mergers and acquisitions to clarify the necessity of the anti-monopoly law of killing mergers and acquisitions.The second part of this article is mainly about the problems of strangled mergers and acquisitions in the regulation of anti-monopoly law.From the three perspectives of identification,evaluation and investigation of stifling mergers and acquisitions,it is demonstrated that the current investigation methods are no longer suitable for stifling mergers and acquisitions,and the authorities need to improve law enforcement methods.The third part of this article is mainly to analyze the current studies on strangling mergers and acquisitions outside the territory,mainly to analyze the latest development of anti-monopoly laws in Germany,the United States,and the European Union,as well as the latest developments in Japan.On the basis of the analysis,we summarize the experience and enlightenment,hoping to learn from the domestic research on anti-monopoly regulation.The fourth part of this article is mainly to supplement relevant improvement measures for my country’s anti-monopoly law.From the perspectives of before,during and after the event,it puts forward relevant suggestions to improve my country’s regulation of strangled M&A behavior.