数字平台并购新生企业的反垄断审查研究

Research on Anti-monopoly Review of Digital Platform Mergers and Acquisitions of New Companies

加强数字平台并购新生企业的反垄断审查对于规范数字市场竞争秩序、促进创新的多元性及保障消费者选择的多样性具有重要现实意义。基于数字平台并购新生企业的类型,提出数字平台的并购活动对竞争造成的损害,既会造成潜在竞争者的减少,也会扩大并购方与其他在位竞争者的差距,还会在并购方生态系统周边形成创新杀伤区域,该类行为可能涉嫌垄断;加强数字平台并购新生企业审查可以提升反垄断规制的灵活性和主动性,并能够弥补事后规制的不足。研究结果表明:加强数字平台对新生企业的反垄断审查,应通过修正主动申报审查标准及要求大型平台承担并购告知义务,确定违法推定审查标准及采用多层次附加并购条件,以及在必要情况下行使事后调查权。

Strengthening the anti-monopoly review of mergers and acquisitions of new companies by digital platforms is of great practical significance for regulating the order of competition in the digital market, promoting the diversity of innovation, and ensuring the diversity of consumer choices. Based on the types of mergers and acquisitions of new enterprises by digital platforms, this paper proposes the damage to competition caused by mergers and acquisitions of digital platforms. Damage will not only reduce potential competitors, expand the gap between the acquirer and other incumbent competitors, but also create innovation killing areas around the acquirer’s ecosystem, which may be suspected of monopoly;Strengthening the review of mergers and acquisitions of new enterprises on digital platforms can enhance the flexibility and initiative of anti-monopoly regulation, and can make up for the lack of post regulation. The research results show that to strengthen the anti-monopoly review of new enterprises by digital platforms, we should revise the standards for active declaration and review and require large platforms to undertake the obligation of M&A notification, determine the standards for the review of illegal presumption and adopt multi-level additional M&A conditions, and exercise the right of post investigation if necessary.