Work Area: Merger Control

Disney accepts penalty for failing to comply with merger commitments

The Walt Disney Company has agreed to pay Chile’s competition watchdog about €200,000 for breaching commitments related to the conditional approval of its acquisition of 21st Century Fox.

09 June 2021

Juul negotiator: “Not acceptable” for Altria to keep e-cigarette business

A Juul investor who helped negotiate the terms of a $12.8 billion investment from Altria said it would have been unacceptable for the investing company to have retained its e-cigarette business, according to documents presented by the Federal Trade Commission.

09 June 2021

Facebook accepts €9.6 million fine for gun-jumping in Austria

Facebook has agreed to pay a €9.6 million fine for failing to notify its completed acquisition of Giphy to the Austrian Federal Competition Authority.

07 June 2021

FTC: Juul documents show Altria’s e-cigarette brand was a “major” competitor

Juul Labs viewed Altria as a “major” competitor for electronic cigarettes, according to company documents the Federal Trade Commission has presented before its internal tribunal.

07 June 2021

CMA confirms “less onerous” remedy for investment platform deal

The UK’s Competition and Markets Authority has concluded that FNZ’s completed acquisition of GBST will substantially reduce competition after confirming its provisional decision to unwind the tie-up while allowing FNZ to buy back some of those assets at a later date.

04 June 2021

Norwegian tribunal affirms online platform deal block

The Norwegian Competition Tribunal has upheld a decision by the country’s antitrust enforcer ordering media group Schibsted to unwind its acquisition of a majority stake in a used car sales platform.

04 June 2021

Reynolds executive: Altria had “substantial market share” prior to leaving e-vapour market

Reynolds American has said Altria was one of its main competitors in the e-vapour business before the latter exited the market, as the latter seeks to prove that it did not stop selling its e-cigarettes to facilitate an anticompetitive deal with rival Juul Labs.

04 June 2021

Altria and FTC square off over company’s exit from e-cigarette market

Altria and the Federal Trade Commission have presented diverging explanations as to why the company took its e-vapour cigarette products off the market – a core issue in the agency’s suit to unwind Altria’s $12.8 billion investment in rival Juul Labs.

03 June 2021

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