Odd Lots: FTC’s Khan Sending Message to PE Industry (Podcast)

Source: Bloomberg, 39:44

Since becoming chair of the Federal Trade Commission, Lina Khan has arguably taken a novel approach to antitrust, one that incorporates broader ideas of what might actually constitute anticompetitive behavior. She’s challenged huge tech companies like Amazon and Microsoft, and more recently, filed a lawsuit against a private equity firm that’s been buying up anesthesiology companies across Texas. The action is noteworthy because it targets a common PE strategy of “rolling-up” multiple businesses and then consolidating them to eke out market efficiencies. So it’s no wonder that PE players have called the FTC lawsuit “terrifying,” or that Khan has ...