Work Area: Merger Control

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

JD Sports ruling will not change approach to merger reviews, CMA says

The UK’s Competition and Markets Authority has said its overall approach to merger analysis will not change after a specialist tribunal ordered the agency to re-evaluate JD Sports’ acquisition of Footasylum to properly assess the impact of the coronavirus pandemic.

16 November 2020

UK fast-tracks crowdfunding deal to Phase II

The UK’s competition authority has fast-tracked an in-depth review into a merger between crowdfunding platforms Cloudcube and Seedrs following a request by the companies.

16 November 2020

UK tribunal backs CMA in Facebook exemption dispute

The UK’s specialist competition tribunal has rebuked Facebook for ignoring information requests from the country’s antitrust watchdog when applying for an exemption from an order that required it to stop integrating with Giphy during the enforcer’s review of the deal.

16 November 2020

FTC challenges hospital tie-up in Memphis

The Federal Trade Commission has sued to block Methodist Le Bonheur Healthcare, a hospital system based in Memphis, Tennessee, from acquiring two competing hospitals in the area.

16 November 2020

Simons: Scale of potential harm should not be overlooked in merger review

Antitrust enforcers should consider not only the probability that a merger will harm consumers but also the magnitude of that potential injury, Federal Trade Commission chair Joseph Simons has said.

13 November 2020

CMA economist calls for updated merger rules in digital markets

Merger control rules need amending if competition enforcers are to stop large online platforms from further entrenching their market power through acquisitions, the chief economic advisor at the UK’s Competition & Markets Authority has said.

12 November 2020

Norway blocks online platform deal over digital markets concerns

The Norwegian Competition Authority has ordered Schibsted to sell the used car sales platform it acquired in 2019 due to concerns about competition in digital markets, although the company has already vowed to challenge the decision.

11 November 2020

Viagogo offers divestment in bid for StubHub merger approval

Viagogo has promised to divest all of StubHub’s ticketing business outside North America in an attempt to dissuade the UK’s antitrust enforcer from blocking the already-completed acquisition of its rival.

11 November 2020

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