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Feb 28, 2014 at 10:45PM EST
in reply to
But that’s also covered under said Clayton Act, in regards to “Vertical Mergers,” specifically under Section 7.
""No person engaged in commerce or in any activity affecting commerce shall acquire, directly or indirectly, the whole or any part of the stock or other share capital and no person subject to the jurisdiction of the Federal Trade Commission shall acquire the whole or any part of the assets of another person engaged also in commerce or in any activity affecting commerce, where in any line of commerce or in any activity affecting commerce in any section of the country, the effect of such acquisition may be substantially to lessen competition, or to tend to create a monopoly.""
Translation: You cannot merge, buyout, or acquire any company or industry if doing so would lead to a monopoly or keep competition from springing up.
Feb 28, 2014 at 09:06PM EST
Cable’s days are numbered and they know it. What service is it that they provide anyway? Nothing. Even the internet is something we COULD provide to ourselves, if enough of us bothered to seek out the hardware and software to do it.
I give then ten years, at the outside. They’re toast.
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