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Vertical Mergers After Illumina/Grail

Andrew Ewalt, Anna M Rathbun, Steven C Salop, and Susan Ashley Musser

The recent decision in Illumina v. FTC capped a 3-year odyssey where enforcers in the US and Europe challenged a consummated vertical transaction involving nascent technology. This is a lively discussion with two of the practitioners at the heart of the case and an influential scholar, focusing on lessons for vertical merger analysis, litigating the fix, cross-border mergers, and more.