The European Commission is set to announce its decision on the proposed acquisition of contract drug manufacturer Catalent by Novo Holdings, the primary shareholder of pharmaceutical giant Novo Nordisk, by December 6, 2024. This follows an official submission for approval filed by Novo Holdings on October 31, as noted on the Commission’s website. The decision […]
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Margrethe Vestager, the European Union’s formidable competition commissioner, is set to step down later this year, marking the end of a decade-long tenure that has seen her become a key figure in the regulation of global tech giants. Known for her rigorous enforcement of antitrust laws, Vestager’s departure signals a significant shift in the EU’s […]
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In a bid to assert regulatory control and ensure compliance with the Digital Markets Act (DMA), Margrethe Vestager, the European Union’s antitrust chief, recently held meetings with key figures from major tech corporations. The discussions, documented through social media posts, centered around crucial aspects of digital regulation, competition policies, and ongoing antitrust cases. Among the […]
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On July 31, the European Union’s antitrust regulators sent a formal Statement of Objections to the renowned French luxury fashion house, Pierre Cardin, and its licensee, Ahlers over its distributions and licensing practices. The European Commission’s preliminary view suggests that both entities might have contravened EU antitrust rules through their alleged activities that restricted cross-border […]
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The European Commission has initiated an extensive antitrust investigation into Amazon’s proposed acquisition of iRobot, a leading smart vacuum manufacturer. This move by the European Union (EU) comes after the United Kingdom’s antitrust regulator approved the acquisition, highlighting the divergent views on the potential impact of the deal. The investigation aims to evaluate whether the […]
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The U.K will likely open an in-depth review of Adobe’s $20 billion bid for rival Figma and EU regulators may do the same on August 7 after the phase I merger review deadline. Antitrust regulators’ concerns focused on the market for screen design software. Rationale of the deal Adobe, as the leading player in digital […]
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Microsoft may soon be confronted with an antitrust investigation by the European Union (EU) as discussions with the EU watchdog to resolve the issue have hit an impasse. This development follows a complaint lodged by Salesforce-owned workspace messaging app Slack in 2020. The complaint alleges that Microsoft unfairly integrated its workplace chat and video app, […]
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NVIDIA is the first company in the semiconductor sector to reach a valuation of $1 trillion. While the company owes its success partly to the promising prospects of generative AI, the Microsoft-Activision deal may help the company growing in the gaming sector. Although NVIDIA’s gaming revenue for fiscal year 2023 experienced a decline of 27% […]
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EU regulators are reportedly considering an order that would require Alphabet Inc’s Google to sell a portion of its advertising-technology business, as concerns over the tech giant’s dominance in digital ads persist. The European Commission, the EU’s primary antitrust authority, is expected to issue a statement of objections against Google in the coming days, according […]
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