The European Commission has announced its approval of French media group Vivendi’s complete acquisition of Lagardère, a French publishing and retail conglomerate, subject to certain conditions. The clearance is contingent on Vivendi divesting its Editis publishing business, which competes with Lagardère’s Hachette unit, and its Gala celebrity magazine, which rivals Lagardère’s Paris Match. These conditions […]
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The proposed acquisition between Korean Air and Asiana Airlines faces significant hurdles as the US Department of Justice (DoJ) and the European Union (EU) have expressed concerns about reduced competition on specific passenger and cargo routes. Rationale of the deal The merger would create the largest carrier of passengers and cargo on routes between the […]
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Microsoft’s $75 billion Activision deal is facing significant hurdles in both the UK and the US. In these jurisdictions, the companies need to win in the courtrooms if they want to close the deal. The interpretation of the remedies pertaining to the distribution of cloud gaming services could change the fate of the deal. Rationale […]
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The revised rules expand the scope of the exemption regulation covering more areas and providing clarifications about when two or more competitors can collaborate without violating EU rules. Importance of the Horizontal Block Exemption Regulations (HBERs) Under Article 101(1) of the Treaty on the Functioning of the European Union (TFEU), agreements that restrict competition are […]
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Facebook’s parent company, Meta, has provided significant assurances to U.K. antitrust regulators to address concerns regarding its utilisation of advertising data to favor its own products. These measures come as Meta faces scrutiny over allegations of leveraging user data from its social network to influence content display and recommendations on Facebook Marketplace. These commitments from […]
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Facebook owner Meta Platforms has been fined a record $1.3 billion by European Union (EU) regulators for violating privacy rules by sending user data to the United States. The fine, the largest ever privacy penalty imposed by the EU, highlights the increasing risks faced by companies that fail to comply with EU privacy regulations. The […]
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The European Commission has granted approval for Microsoft’s $75 billion acquisition of Activision Blizzard. The approval is contingent upon Microsoft’s full compliance with the commitments offered. According to the EU regulator, these commitments address the competition concerns and present a substantial improvement for cloud gaming compared to the current state. EU’s officials took a different […]
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U.S. chipmaker Qualcomm on Wednesday won its fight against a 997 million euro ($1.05 billion) fine imposed by EU antitrust regulators four years ago, dealing a major setback to EU antitrust chief Margrethe Vestager’s crackdown on Big Tech. The European Commission in its 2018 decision said Qualcomm paid billions of dollars to Apple from 2011 to 2016 […]
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Philip Morris International Inc has agreed to buy tobacco and nicotine products maker Swedish Match in a $16 billion deal that aims to cut the U.S. company’s dependence on cigarettes, Reuters reported. In a bet on fast-growing markets for cigarette alternatives, PMI said on Wednesday it was making a cash offer for the Stockholm-based group at 106 […]
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The European Commission has adopted today the new Vertical Block Exemption Regulation (‘VBER’) accompanied by the new Vertical Guidelines, following a thorough evaluation and review of the 2010 rules. The revised rules provide businesses with simpler, clearer and up-to-date rules and guidance. The new rules will help them to assess the compatibility of their supply and […]
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