Work Area: Merger Control

Motorcycle insurers hit reverse after CMA merger probe

The UK’s Competition and Markets Authority has notched up another successful merger challenge after accepting Ardonagh’s offer to unwind its £26 million purchase of rival motorcycle insurer Bennetts Motorcycle Services.

20 November 2020

UK to review Virgin/O2 deal as companies ask for Phase II probe

The European Commission has referred the proposed merger of Virgin Media and O2 to the UK’s competition authority for a review that both companies want to be fast-tracked to Phase II.

19 November 2020

Facebook official criticises Democratic legislative proposals

Proposed legislation intended to address perceived competition issues by lowering burdens of proof is unlikely to be positive for antitrust, Facebook’s director and associate general counsel for competition has said.

19 November 2020

CMA ready to move away from static market definitions in deal reviews

The UK’s competition authority has proposed dropping formal market definition in its merger reviews and allowing for more uncertainty in counterfactual assessments to better enforce against anticompetitive deals in digital markets.

18 November 2020

Poland raises duopoly concerns over radio tie-up

Poland’s antitrust enforcer has raised concerns that a Polish media company’s purchase of a radio broadcaster would create a duopoly in the national market for radio advertising – in a Phase II review that has lasted more than a year.

18 November 2020

Slaughter: FTC uses "far too many" resources on clearly illegal mergers

Federal Trade Commission member Rebecca Kelly Slaughter has said the agency spends “far too many of our enforcement dollars on mergers that are clearly illegal”, demonstrating that enforcement is failing to deter competitive harm.

18 November 2020

FTC has “most productive merger enforcement year” amid calls for more funding

The Federal Trade Commission’s competition bureau has enjoyed “its most productive merger enforcement year” since the agency raised its transaction notification thresholds 20 years ago, an agency official has said.

18 November 2020

Delivery Hero opposes proposed structural remedies in Korea

A case team at Korea’s antitrust authority has preliminarily recommended that Delivery Hero divest its local food delivery operations as a condition for approval of its proposed acquisition of a majority stake in Woowa Brothers.

17 November 2020

Costs of expert witnesses pose “significant challenges”, FTC says

The Federal Trade Commission has said that it is increasingly limited by “stagnant” funding and the escalating costs associated with hiring outside economic experts.

17 November 2020

Wachtell and Sullivan & Cromwell steer PNC/BBVA deal

PNC has tapped Wachtell Lipton Rosen & Katz to guide its $11.6 billion acquisition of BBVA’s US business, which has turned to Sullivan & Cromwell for antitrust advice.

17 November 2020

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