What Bazaarvoice Tells Us About Section 7 Litigation
January 14, 2014, 9:33 PM EST
Law360, New York (January 14, 2014, 9:33 PM EST) -- On Jan. 8, 2014, the U.S. Department of Justice prevailed in its challenge to Bazaarvoice’s consummated $168 million acquisition of PowerReviews. The United States District Court for the Northern District of California held that Bazaarvoice’s June 2012 deal constituted the purchase of its “closest and only serious competitor” and violated Section 7 of the Clayton Act.
In reaching its decision, the court thoroughly applied the 2010 horizontal merger guidelines and relied heavily on premerger “hot documents” that reflected closeness of competition between the merged parties and...