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<blockquote data-quote="Jake Rickman" data-source="post: 143319" data-attributes="member: 8521"><p>As of today, (Monday 15 May) the EU has reached a different decision than the UK's Competition Market Authority (CMA) did a couple of week's back re: Microsoft's attempt to acquire Activision. (<a href="https://www.bbc.co.uk/news/entertainment-arts-65566438" target="_blank">BBC article</a>)</p><p></p><p>This does not change the effect of the CMA's decision in that it still effectively blocks the merger, but now all eyes will be on the US's competition authority, the Federal Trade Commission (FTC), which should release its own decision in a few month's time as to the effect of the merger on US competition law (commonly referred to as anti-trust law).</p><p></p><p>One area that this development touches upon is the regulatory divergence between the UK and EU following Brexit. My understanding is that prior to Brexit, the UK's CMA was subordinate to the EU's competition authority, but now it has much more independence. This ties in with wider perceptions that the UK might be less advantageous for big businesses compared to other jurisdictions (see my post above). The outcome of the FTC decision will go a long way in shaping these discussions, so this is an international story to keep an eye on, especially if you are interested in competition and/or corporate/M&A law.</p></blockquote><p></p>
[QUOTE="Jake Rickman, post: 143319, member: 8521"] As of today, (Monday 15 May) the EU has reached a different decision than the UK's Competition Market Authority (CMA) did a couple of week's back re: Microsoft's attempt to acquire Activision. ([URL='https://www.bbc.co.uk/news/entertainment-arts-65566438']BBC article[/URL]) This does not change the effect of the CMA's decision in that it still effectively blocks the merger, but now all eyes will be on the US's competition authority, the Federal Trade Commission (FTC), which should release its own decision in a few month's time as to the effect of the merger on US competition law (commonly referred to as anti-trust law). One area that this development touches upon is the regulatory divergence between the UK and EU following Brexit. My understanding is that prior to Brexit, the UK's CMA was subordinate to the EU's competition authority, but now it has much more independence. This ties in with wider perceptions that the UK might be less advantageous for big businesses compared to other jurisdictions (see my post above). The outcome of the FTC decision will go a long way in shaping these discussions, so this is an international story to keep an eye on, especially if you are interested in competition and/or corporate/M&A law. [/QUOTE]
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