Warren Asks FTC, DOJ to Consider Blocking Dick’s-Foot Locker Merger
UNITED STATES, AUG 6 – Senator Warren warns the $2.4 billion deal could reduce competition, create a duopoly with JD Sports, raise prices by up to 44%, and threaten jobs and small businesses, she said.
Summary by The Hill
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7 Articles
Warren asks FTC, DOJ to consider blocking Dick’s-Foot Locker merger
Sen. Elizabeth Warren (D-Mass.) raised concerns with the proposed merger between Dick’s Sporting Goods and Foot Locker on Tuesday, citing the potential blow for American families and businesses. “Dick’s and Foot Locker currently compete with each other and with independent retailers to secure deals with suppliers. The new giant would have significantly increased power to…
·Washington, United States
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Total News Sources7
Leaning Left0Leaning Right0Center3Last UpdatedBias Distribution100% Center
Bias Distribution
- 100% of the sources are Center
100% Center
C 100%
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