They might try to do this, but history shows they will probably fail. When the largest, richest most politically powerful corporations in the past were challenged by disruptive technology, they failed to respond, and they were quickly driven out of business. When their profits fell, their political power evaporated. For example:
In 1900 U.S. railroads, especially the Pennsylvania Railroad were the largest, wealthiest and most politically powerful corporations on earth. They held sway in the Congress. They crushed attempts by labor to organize. In 1908, Henry Ford began manufacturing the Model T. By the 1920s, railroads were losing business to automobiles and trucks. In the 1940s they were losing business to airlines, and their political power was gone. The Pennsylvania Railroad was gone by 1970.
North Atlantic ocean liners suffered a similar fate, much more quickly, with post-WWII air transportation on their routes.
In the 1960s and 70s, IBM dominated the computer business. At one point I think it was larger than its 7 rivals combined (the "seven dwarfs"). In the early 1980s it introduced the PC and took over the microcomputer business. It reached a zenith in the mid 1980s and then the market changed, IBM stumbled, it lost record amounts of money, and it nearly went bankrupt.
AT&T dominated the telephone business until the technology and regulations change. It went bankrupt. The present company kept only the name.
General Motors dominated the automobile business worldwide. It went bankrupt in 2009, losing all stockholder value.
U.S. Steel and many other companies that dominated their industry went bankrupt. Kodak is effectively bankrupt, along with most other "dream stocks" of the 1960s.
Sears is on the verge of bankruptcy, because of competition from Amazon.com.
Corporations are much less powerful than people realize.