US judge allows FTC to temporarily block IQVIA acquisition of DeepIntent By Reuters
From Investing.com:
A U.S. court upheld the FTC’s block on IQVIA’s acquisition of DeepIntent, a healthcare advertising firm, due to concerns of potential harm to competition. The FTC intervened earlier this year to prevent increased concentration in health care programmatic advertising, stating the merger would lead to higher prices for consumers. DeepIntent’s CEO had previously said the company would remain independent if the regulator won the block. Judge Edgar Ramos granted the U.S. antitrust department a preliminary injunction to block the deal, with IQVIA stating they were disappointed and reviewing their options. DeepIntent and the FTC did not immediately respond to a request for comment.
Read more: US judge allows FTC to temporarily block IQVIA acquisition of DeepIntent By Reuters