Last week, Fidelity National Services (FIS) agreed to sell a majority stake in its Worldpay business to private equity funds managed by GTCR in a deal that values the merchant payments at $18.5 billion. However, just 4 years ago, FIS acquired Worldpay for more than $30 billion with the intention to revolutionize the industry, but […]
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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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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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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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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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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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France’s anti-trust watchdog body said on Thursday that it had approved commitments made by Facebook owner Meta Platforms regarding the French online advertising sector, Reuters reported. Meta has committed to giving access over a five-year period to advertising inventories and campaign data to so-called advertising technology companies on transparent, objective and predictable conditions, the French regulator […]
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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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The antitrust case against Rogers Communications Inc.’s takeover of a rival is thousands of pages long but comes down to one core idea: the company it’s buying is too good. Analysts don’t see it that way, Bloomberg reported on Wednesday. Toronto-based Rogers is trying to acquire Shaw Communications Inc. for about C$20 billion ($15.4 billion) in what would […]
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