encourage pro-competitive acquisitions that may improve innovation and consumer welfare …This Essay suggests a framework of how to conceptualize “killer acquisitions” in the biotech sector. In a killer … the pipeline product down. The Essay offers a way to police against acquisitions that may hurt consumers and still …

“killer acquisitions” as a graphic concept to describe these transactions. How concerned should competition policy be? The …Do established firms buy new businesses to take out future competition? Recent works in economics literature use … answer to this question hinges on how much the “theory” of killer acquisitions explains. To gain insights on this, the paper …

This paper investigates short-term effects of big tech start-up acquisitions on innovation empirically. Innovation … explore the repercussions of big tech start-up acquisitions on innovation by examining their effects on venture capital (VC … (IPOs) and other mergers and acquisitions (M&As), we found an average increase of 30.7% in the total amount of VC funding …

Since 2010, Google, Apple, Facebook, Amazon, and Microsoft (GAFAM) have acquired more than 400 companies. Competition … authorities did not scrutinize most of these transactions and blocked none. This raised concerns that GAFAM acquisitions target … empirically study the competitive effects of big tech acquisitions on competitors in a relevant online market. We identify …

repercussions of big tech start-up acquisitions on innovation. We analyze observations on more than 32,000 venture capital deals in …This paper investigates the effects of acquisitions by “big techs” on venture capital (VC) funding for start …-up companies. Because of the strong association between VC investment and innovation, this approach also sheds light on the …

Anticompetitive mergers benefit competitors more than the merging firms. We show that such externalities reduce firms … surprising intertemporal link: Merger incentives may be reduced by the prospect of additional profitable mergers in the future …. Merger control may help protect competition. Holdup and intertemporal links make policy design more difficult, however. Even …

effects of cross-border mergers and acquisitions on innovation activities in target firms. The empirical analysis is based on … selection bias, it is found that foreign takeovers have a large negative impact on the propensity to perform innovation … activities and a negative impact on average R&D expenditures in innovative firms. Furthermore, innovation output, measured as the …

This paper provides empirical evidence on the relationship between cross-border acquisitions and innovation activities … at the firm level. In contrast to previous studies that analyze the effects on innovation in target firms, this paper … acquisitions by estimating a two-equation system with limited dependent variables and applying instrument variable techniques it is …