Work Area: Merger Control

EU launches Phase II probe into Facebook/Kustomer deal

The European Commission has opened its second in-depth merger investigation following an Article 22 referral, this time examining Facebook’s acquisition of customer service platform Kustomer.

02 August 2021

EU Phase II probes at slowest pace in a decade, Dechert report finds

The European Commission’s in-depth merger investigations are exceeding 18 months on average, law firm Dechert’s latest quarterly merger tracking report has found.

30 July 2021

EU clears Orange acquisition with remedies

The European Commission has cleared Orange’s €268 million acquisition of Telekom Romania, subject to the latter divesting its 30% minority shareholding in Telekom Romania Mobile Communications.

29 July 2021

Papua New Guinea seeks to block four-to-three bank merger

Papua New Guinea’s antitrust watchdog has provisionally blocked the proposed sale of Westpac’s domestic banking business to Kina Securities, citing concerns that the deal would reduce the number of commercial banks operating in the country from four to three.

29 July 2021

France launches second market definition test during a merger review

France’s Competition Authority has opened a public consultation to determine the correct relevant market applying to its investigation of a deal in the temperature-controlled goods transport sector.

29 July 2021

DOJ conditionally approves Gray Television/Quincy Media deal

The Department of Justice is requiring Gray Television to sell 10 television stations to proceed with its $925 million purchase of rival Quincy Media.

29 July 2021

Aon/Willis Towers Watson abandoned amid DOJ litigation

Aon and Willis Towers Watson have called off plans to form the world’s largest insurance broker, citing the US Department of Justice’s opposition to the deal.

26 July 2021

China orders first ever rectification for an illegal tie-up

China’s competition authority has fined Tencent the statutory maximum for failing to notify its acquisition of China Music in 2016, while also ordering the company to end all of its exclusive licensing deals with record labels as a fix for the competitive harm caused by the deal.

26 July 2021

Dish Network to stop relying on T-Mobile with AT&T deal

Dish Network has purchased the rights to operate on AT&T’s wireless network, sidelining a key component of a settlement the Department of Justice reached to resolve its antitrust concerns over the T-Mobile/Sprint merger.

26 July 2021

EU sends Illumina/Grail to Phase II after Article 22 referral

The European Commission has launched its first in-depth review into a deal that falls below national merger notification thresholds, warning that Illumina’s proposed acquisition of Grail could allow the buyer to foreclose the latter’s rivals.

23 July 2021

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