Work Area: Merger Control

CMA opens Phase II investigation into Facebook/Giphy

The UK’s antitrust enforcer has launched an in-depth review into Facebook’s €340 million acquisition of Giphy, after the social media company refused to offer remedies to address the authority’s competition concerns.

01 April 2021

Taboola settles Israeli criminal probe into Outbrain deal

Taboola has agreed to pay €1.2 million to settle the Israeli competition enforcer’s allegations that it illegally concealed its interference with third-party evidence as the authority reviewed its now-abandoned merger with Outbrain.

31 March 2021

FTC challenges Illumina’s purchase of cancer test manufacturer

Illumina’s proposed $8 billion acquisition of Grail could give it sole control over the market for certain cancer-screening tests, the Federal Trade Commission has alleged in a lawsuit seeking to block the merger.

31 March 2021

Russia can’t block taxi deal despite competition concerns

Ride-sharing joint venture Yandex Taxi’s proposed acquisition of certain assets from Russia’s largest taxi company raises competition concerns but falls below the threshold requiring antitrust approval, the country’s competition watchdog has said.

30 March 2021

Netherlands set to take veal merger to Phase II

The Dutch competition authority has indicated it will take a deal involving the country’s largest veal producer to an in-depth review over concerns the merged company could use its buyer power to “significantly” lower prices for young calves.

29 March 2021

Facebook accused of gun-jumping in Austria

Austria’s Federal Competition Authority has alleged that Facebook failed to notify its acquisition of Giphy under national merger control rules aimed at capturing deals in the digital economy.

29 March 2021

Slaughter: Support for more nascent competition cases is bipartisan

There is broad bipartisan support for challenging more mergers that would eliminate potential rivals, acting Federal Trade Commission chair Rebecca Kelly Slaughter has said.

29 March 2021

Vestager: EU is “rethinking” deals involving nascent competitors

The European Commission is allowing national enforcers to refer deals to it that fall below their own notification thresholds in the hope that this will allow the agency to review more acquisitions of nascent competitors, the EU’s competition commissioner has said.

26 March 2021

Crowdfunding deal collapses after UK challenge

Crowdfunding platforms Seedrs and Crowdcube have called off their proposed tie-up after the UK’s antitrust watchdog said it planned to block the deal.

26 March 2021

FTC not backing down after Jefferson/Einstein loss, official says

The Federal Trade Commission’s recent failure to block the merger of two Philadelphia hospitals will not cause the agency to ease back, an official at the agency has said.

25 March 2021

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