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Merger control is the government’s mandatory "traffic light" system for business deals, designed to prevent companies from becoming too powerful and creating a monopoly. It matters because it is often the single biggest hurdle to closing a deal; you cannot legally complete the purchase until regulators like the US Federal Trade Commission (FTC) or the UK Competition and Markets Authority (CMA) give you the green light. If they believe your deal will harm consumers by raising prices or reducing innovation, they have the power to block the transaction entirely or force you to sell off parts of the business.

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