Axon Enterprise Clashes With FTC Over Vievu Acquisition
Although Axon Enterprise (NASDAQ: AAXN) purchased body camera maker Vievu nearly two years ago, the Federal Trade Commission only recently alleged that the acquisition reduced competition in the marketplace. Now, it wants Axon to divest certain assets to restore equity to the marketplace.
Axon sees it differently, though. In an extraordinary turn of events, it's suing the regulatory agency, claiming the FTC's actions are unconstitutional because it's trying to deprive it of its property without due process.
Image source: Axon Enterprise.
Source Fool.com
