Proposed Merger Would Drastically Reduce Competition

[Brainstormy]

Ok, that's a gotcha. You thought it was about the Comcast/Time Warner merger, didn't you? Remember back in '97 when the merger of two office products company was blocked? Boy, have we come a long way, baby.

This from New York Times archives.

Executives of the office supply giants Staples Inc. and Office Depot Inc. said today that their proposed merger was almost certainly dead after a Federal judge issued an order temporarily blocking the $4 billion combination.

http://www.nytimes.com/1997/07/01/business/office-depot-and-staples-merger-halted.html


That was only a $4 billion combination. And the judge thought it would allow them to "raise prices with impunity."

If you don't cry, you have to laugh.

[pscot]

1. What competition?

Not where I live.