Antitrust Merger Analysis in High-Technology Markets

"This article examines how the seemingly diametrically opposed dynamics of high-tech markets, in part as raised by the Sonaecom and Portugal Telecom merger, impact on merger analysis in the US and the European Union. In particular, we review several transactions in which the agencies in both jurisdictions analysed markets that were both susceptible to rapid change yet also exhibited substantial entry barriers. These markets include internet products and services, as well as networked software and hardware."