$330M Tech Co. Tie-Up Will Create 'Near-Monopoly,' FTC Says

Law360, New York (December 19, 2012, 1:44 PM EST) -- The Federal Trade Commission has lodged a complaint to block Integrated Device Technology Inc.'s proposed $330 million purchase of PLX Technology Inc., saying Tuesday that the deal would give the combined company too much control over the market for certain computer circuits.

The antitrust regulator filed an administrative complaint Tuesday seeking to stop the deal from closing, and the commissioners voted to allow FTC staff to vie in federal court for a preliminary injunction that would block the acquisition until a full administrative trial can be...
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