In Suing to Block Merger of Fantasy Sports Sites, FTC Resists the Trump Steamroller
Antitrust is not especially political. But there's a perception that Republican administrations tend to be more willing to say yes to corporate mergers. The FTC, however, just issued an emphatic “no," filing suit on Monday to block the merger of two fantasy sports sites.
June 21, 2017 at 12:04 AM
5 minute read
At a time when many federal agencies are in wholesale retreat from their missions (looking at you EPA), you've got to love the Federal Trade Commission.
Sure, a Republican may now be in charge, but the agency is still soldiering along, announcing on Monday that it will file suit in federal court to block a merger—the first such challenge of the Trump administration.
And what a merger. For once, it doesn't involve something like industrial switchboxes or vascular closure devices. The FTC is suing to block the merger of fantasy sports sites DraftKings and FanDuel.
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