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California passes the Compete Act to fight anti-competitive practices and curb corporate consolidation.
California has introduced the Compete Act, a new antitrust bill aiming to combat anti-competitive practices by updating the state’s 1907 Cartwright Act.
The legislation, sponsored by Assembly Majority Leader Cecilia Aguiar-Curry, expands the definition of a trust to include combinations of capital, skill, or acts by one or more individuals, potentially broadening enforcement.
It targets corporate consolidation in industries like streaming and retail, addressing concerns over mergers such as Netflix’s proposed $83 billion acquisition of Warner Bros.
Discovery and practices like data scraping by large e-retailers.
Supporters say the bill would restore market fairness, empower workers, protect small businesses, and promote innovation.
California aprueba la Ley de Competición para combatir prácticas anticompetitivas y frenar la consolidación corporativa.