Broadcom, a prominent U.S. chipmaker, is poised to receive conditional approval from the European Commission for its proposed $61 billion acquisition of cloud computing firm VMware, according to Reuters. However, this clearance is contingent upon Broadcom addressing concerns related to competition and interoperability with its rivals. While the EU’s decision is scheduled for July 17, […]
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The proposed acquisition of Thales’ Ground Transportation (GTS) business by Hitachi, valued at 1.7 billion euros, has raised concerns about the potential negative consequences for digitalisation, cost, and service quality in the UK’s rail industry. The UK’s Competition and Markets Authority (CMA) conducted an investigation and provisionally concluded that the merger could lead to a […]
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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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The PGA Tour and DP World Tour have reached an agreement to merge with LIV Golf, a Saudi Arabian-backed circuit. This groundbreaking deal puts an end to the acrimonious split in the game, but legal experts warn that this agreement could raise antitrust concerns. A Unified Front After a year of legal battles and fierce […]
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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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In a significant legal development, a federal judge in Boston has ruled in favor of the Justice Department (DoJ), ordering American Airlines and JetBlue Airways to dismantle their partnership known as the Northeast Alliance. This decision comes as a boost to the Biden administration’s efforts to prevent consolidation in key industries and uphold competition for […]
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Tesco, Sainsbury’s, Asda, Morrisons, and Aldi are the largest supermarkets in the United Kingdom, and their recent financial results have demonstrated the industry’s ability to withstand inflationary pressures on food prices. However, not all supermarkets in the UK are effectively navigating these challenging times. Ocado, an online supermarket that utilizes a highly advanced logistic and […]
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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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Investors are worried that Intercontinental Exchange Inc.’s $13.1 billion deal to buy mortgage software rival Black Knight Inc. could run into antitrust obstacles at the Justice Department, Bloomberg reported on Friday, May 13. The gap between Black Knight’s stock price and the value of ICE’s cash and stock offer is more than $12 per share, making it one […]
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