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scrutinized by the European Commission between 1995 and 2014. We show that concentration, as measured by the market-specific post-merger … dimension analyzed. Strict past merger enforcement negatively correlates with concentration. Yet, this effect is stronger in the …
Persistent link: https://www.econbiz.de/10012421242
to the merger. We show that a PPO reduces the minimal synergy level necessary to make a merger beneficial for consumers …. It follows that an antitrust authority ignoring existing PPOs when evaluating merger proposals (which reflects the … current EU merger control regime) invites sneaky takeovers: Acquiring firms strategically use PPOs prior to a full merger …
Persistent link: https://www.econbiz.de/10009788178
following a merger. No merger should be unconditionally cleared if it involves a large amount of users' data. The chapter …
Persistent link: https://www.econbiz.de/10012852029
consultants) anticipate the critical questions and potential paths that should be addressed regarding antitrust merger risk. This … affected merger review, investments, decision making, and counsel. The surveys also offer antitrust agencies an opportunity to … think about the optimal design of the merger control system and various consequences of certain policy choices and …
Persistent link: https://www.econbiz.de/10014235831
. Even if market concentration and technological disadvantages lead to a significant welfare reduction after merger, from … takeover is hostile. …
Persistent link: https://www.econbiz.de/10010343946
This Article explores the 2010 merger of United Airlines and Continental Airlines - which usurped Delta's briefly …-held title as the world's largest airline - as well as the failed merger of Greece's two largest airlines, Olympic Air and Aegean … United and Continental merger, explaining pertinent portions of each airline's corporate history over the past 10 years …
Persistent link: https://www.econbiz.de/10013114723
merger agreements have therefore shifted from generally favoring sellers to favoring buyers.Whether the recent trend toward … buyer-friendly merger covenants has also affected antitrust risk-shifting provisions has not yet been examined. We surveyed … the 30 largest largest merger agreements from 2007 and 2008 to identify any patterns or trends in antitrust risk …
Persistent link: https://www.econbiz.de/10013160168
is an important enhancement of substantive merger appraisal, it should not be considered sufficient in itself for the … finding of a significant impediment to effective competition in terms of Article 2 of the EU Merger Regulation (EUMR). Rather …
Persistent link: https://www.econbiz.de/10013020744
Should internet era merger policy differ from industrial era merger policy? Platform ecosystems rely on economies of … traditional merger policy tools. This paper examines the acquisition strategies of the five major U.S. platforms—Google, Amazon …, Facebook, Apple, and Microsoft— since their inception. We discuss the main merger and acquisition theories of harm and how …
Persistent link: https://www.econbiz.de/10013242012
We investigate the impact of cartel breakdowns on merger activity. Merging information on cartel cases decided by the … European Commission (EC) between 2000 and 2011 with a detailed data set of worldwide merger activity, we find that, first, the … average number of all merger transactions increase by up to 51 percent when comparing the three years before the cartel …
Persistent link: https://www.econbiz.de/10013080622