Work Area: Merger Control

Judge queries why Within sold to Meta

A federal judge has probed Within Unlimited’s president on why the virtual reality company chose not “stay in the game” as he presides over the Federal Trade Commission’s bid to block its sale to Meta Platforms.

15 December 2022

EU and NCA officials discuss below-threshold referral strategy

The European Commission has so far considered more than 30 deals as candidates for below-threshold referrals, despite only reviewing Illumina/Grail through this revised approach, the head of the agency's merger policy strategy has said.

14 December 2022

Oil companies abandon deal after Ireland warns of competition problems

Two major Irish oil distributors have scrapped their plans to merge after the national competition authority found the deal could reduce competition to supply several different types of crucial oil.

14 December 2022

Indian parliament proposes major changes to antitrust reform legislation

An Indian parliamentary committee has suggested a suite of changes to proposed amendments to the country’s competition law, including forcing the antitrust watchdog to conduct an effects test for all abuse of dominance cases.

14 December 2022

ALJ’s Illumina/Grail decision ignored existing competition, FTC says

The Federal Trade Commission’s administrative law judge misunderstood the market when he ruled that Illumina has no incentive to foreclose competition through its acquisition of Grail because the latter’s early cancer-detection tests are not yet on sale, agency staff has argued.

14 December 2022

FTC’s expert: Meta needs Within to own the VR ecosystem

Meta Platforms identified fitness as the keystone of the virtual reality world and was willing to pay an “extreme multiple” of Within Unlimited’s valuation to conquer it, the Federal Trade Commission’s hired economic expert has said.

14 December 2022

Alcohol deal could down competition, says ACCC

Australia’s competition watchdog has raised concerns about the purchase of an independent alcohol shop by a major drinks retailer in a small northern town, as the agency continues to prioritise reviews of “creeping acquisitions” despite criticism it is wasting its resources.

13 December 2022

CMA opens Phase II review into car recycling deal

The UK’s Competition and Markets Authority has opened an in-depth probe into an already-completed tie-up between two of the country’s largest vehicle salvage service suppliers.

12 December 2022

Korea conditionally clears three-to-two glass merger

Korea’s antitrust watchdog has approved a merger between two of the country’s three coated glass makers after the parties agreed to cap price increases over the next three years.

12 December 2022

FTC’s “compelling” claims against Microsoft may lack support, experts say

The Federal Trade Commission’s theory of competitive harm is probably strong enough to block Microsoft's proposed purchase of Activision Blizzard, but it is unclear if the enforcer has the evidence to back up its allegations, several antitrust experts have said.

12 December 2022

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