Big Tech mergers: EU prepares new rules but these countries want more control

CNBC2021-05-27

KEY POINTS It has long been a concern for European capitals that some of the biggest tech firms in the world have bought up start-ups, including in the EU, in deals that have escaped scrutiny because...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

Shadotaiger
2021-05-27
Shadotaiger
any comments?
- Jayden86_:
  Reply back
Kelvin17
2021-05-27
Kelvin17
Like and comment thansk
- Jayden86_:
  Reply back
- Shadotaiger:
  reply please
ASCNMN
2021-05-27
ASCNMN
Ok
累 and tired of life
2021-05-27
累 and tired of life
Like and comment
- Shadotaiger:
  comment reply pls!
- ASCNMN:
  like and comment mine to pls
LengLeng
2021-05-27
LengLeng
Like and comment pls. Thanks
- Shadotaiger:
  comment please!
Huatmoney
2021-05-27
Huatmoney
Like and comment pls
- Jinkachu:
  like and share
- Huatmoney:
  Tnks
- CLSE:
  Hi

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/1142769404?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2021-05-27 18:00","share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","id":"1142769404","market":"us","top_or_hot":-1,"title":"Big Tech mergers: EU prepares new rules but these countries want more control","media":"CNBC","content":"<div>\n<p>KEY POINTS\n\nIt has long been a concern for European capitals that some of the biggest tech firms in the world have bought up start-ups, including in the EU, in deals that have escaped scrutiny because...</p>\n\n<a href=\"https://www.cnbc.com/2021/05/27/big-tech-france-germany-the-netherlands-want-more-control-over-mergers-.html\">Source Link</a>\n\n</div>\n","source":"cnbc_highlight","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Big Tech mergers: EU prepares new rules but these countries want more control</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBig Tech mergers: EU prepares new rules but these countries want more control\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-27 18:00 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/05/27/big-tech-france-germany-the-netherlands-want-more-control-over-mergers-.html><strong>CNBC</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>KEY POINTS\n\nIt has long been a concern for European capitals that some of the biggest tech firms in the world have bought up start-ups, including in the EU, in deals that have escaped scrutiny because...</p>\n\n<a href=\"https://www.cnbc.com/2021/05/27/big-tech-france-germany-the-netherlands-want-more-control-over-mergers-.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"MSFT","symbol_name":"微软","start_time":0,"source_url":"https://www.cnbc.com/2021/05/27/big-tech-france-germany-the-netherlands-want-more-control-over-mergers-.html","article_id":"1142769404","we_media_id":null,"thumbnails":[],"rights":{"source":"cnbc_highlight","url":"https://www.cnbc.com/2021/05/27/big-tech-france-germany-the-netherlands-want-more-control-over-mergers-.html","rn_cache_url":null,"customStyle":"body{padding-top:10px;}.ArticleHeader-headline{#titleStyle#}a{#lv2TextColor#}.ArticleHeader-time, .Author-authorNameAndSocial a{#sourceStyle#;}","selectors":".PageBuilder-pageWrapper","filters":".ArticleHeader-eyebrow, .RelatedTags-relatedTags","directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=1142769404","pubTimestamp":1622109633,"sourceInfo":{"source_id":"cnbc_highlight","name":"CNBC"},"weMediaInfo":null,"summary":"KEY POINTS\n\nIt has long been a concern for European capitals that some of the biggest tech firms in ","collect":0,"end_time":0,"defaultTopTitle":"cnbc.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"MSFT":"微软","NFLX":"奈飞","AAPL":"苹果","GOOG":"谷歌","AMZN":"亚马逊","GOOGL":"谷歌A"},"translate_title":"大型科技企业合并：欧盟准备新规则，但这些国家想要更多的控制","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"AAPL":0.9,"AMZN":0.9,"FB":0.9,"GOOG":0.9,"GOOGL":0.9,"MSFT":0.9,"NFLX":0.9},"content_text":"KEY POINTS\n\nIt has long been a concern for European capitals that some of the biggest tech firms in the world have bought up start-ups, including in the EU, in deals that have escaped scrutiny because they did not meet a certain turnover threshold.\nThe EU is already a leading regulator on the tech front, but the bloc feels that its rulebook needs to be updated so it can better deal with the growing power of some of the largest tech firms in the world.\n\nThe logos of Google, Apple, Facebook, Amazon and Microsoft displayed on a mobile phone with an EU flag shown in the background.\nLONDON — The European Union needs to be more ambitious in its control of Big Tech and smaller acquisitions that often go under the radar, Germany, France and the Netherlands said on Wednesday.\nThe 27-member bloc is currently discussing new legislation that could ultimately force Big Tech to change how it operates. The Digital Markets Act, a proposal put forward last December, aims to level the playing field in the EU market and could be implemented as early as 2022. In this context, Berlin, Paris and the Hague are asking for a stricter stance on mergers.\n\"We have to strengthen and speed up merger control in particular vis-à-vis certain gatekeeper platforms to tackle the strategies of platform companies consisting in systematically buying up nascent companies in order to stifle competition,\" the three countries said in a common statement.\nIt has long been a concern for European capitals that some of the biggest tech firms in the world have bought up start-ups, including in the EU, in deals that have escaped scrutiny because they did not meet a certain turnover threshold.\nWhereas high profile purchases, such as Microsoft's acquisition of Skype in 2011, makes the headlines; smaller deals often go unnoticed. In 2019, Apple bought an artificial intelligence firm in the U.K. (now no longer an EU nation) for an undisclosed sum, for example.\nSpeaking to CNBC in 2019, the EU's competition chief, Margrethe Vestager, spoke about how there's been \"shopping spree\" in Europe.\nIn their joint statement Wednesday, France, Germany and the Netherlands said the EU should set \"clear and legally certain thresholds for acquisitions by gatekeepers of targets with relatively low turnover, but high value.\"\nIn addition, the same nations have asked the EU to adapt \"the substantive test to effectively address cases of potentially predatory acquisitions.\"\nThe 27 EU member states are currently discussing the Digital Markets Act proposal made by the European Commission in December along with European lawmakers.  Speaking to CNBC on Tuesday at the ReThink Digital Summit, European lawmaker, Stephanie Yon-Courtin said the plan is to have \"something ready\" by the end of the first half of 2022.\nThe EU is already a leading regulator on the tech front, but the bloc feels that its rulebook needs to be updated so it can better deal with the growing power of some of the largest tech firms in the world.\nTommaso Valletti, professor of economics at Imperial College Business School, has said that the EU has been ill-prepared to deal with the many mergers that have taken place over the years.\n\"On mergers we are still a bit behind,\" he told CNBC at the same conference, adding that over the past 20 years,Google,Amazon,Facebook,Microsoft and Apple have acquired a thousand firms and none of these deals have been prohibited.\n\"This has been a global problem,\" he said.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":132794502,"gmtCreate":1622113684006,"gmtModify":1704179687509,"author":{"id":"3575958434174944","authorId":"3575958434174944","name":"Shadotaiger","avatar":"https://static.tigerbbs.com/c26a9d060fabab1c1347edbfc7329574","vip":1,"crmLevel":2,"crmLevelSwitch":0},"htmlText":"any comments?","listText":"any comments?","text":"any comments?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/132794502","repostId":1142769404,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4470534,"gmtCreate":1622115296304,"gmtModify":1680791335663,"authorId":3581853261599921,"author":{"id":3581853261599921,"authorId":3581853261599921,"name":"Jayden86_","avatar":"https://static.tigerbbs.com/e0a3979b2998dfa9c0fddbce29da3ab9","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":132794502,"type":1,"supId":0,"prevId":0,"content":"Reply back","text":"Reply back","html":"Reply back"}],"langContent":"EN"},{"id":132702416,"gmtCreate":1622112494835,"gmtModify":1704179671152,"author":{"id":"3581651271010576","authorId":"3581651271010576","name":"Kelvin17","avatar":"https://static.tigerbbs.com/5ad690dc5b75f93cb92a855c9ee59cee","vip":1,"crmLevel":2,"crmLevelSwitch":0},"htmlText":"Like and comment thansk","listText":"Like and comment thansk","text":"Like and comment thansk","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/132702416","repostId":1142769404,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4470539,"gmtCreate":1622115306923,"gmtModify":1680791334952,"authorId":3581853261599921,"author":{"id":3581853261599921,"authorId":3581853261599921,"name":"Jayden86_","avatar":"https://static.tigerbbs.com/e0a3979b2998dfa9c0fddbce29da3ab9","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":132702416,"type":1,"supId":4470348,"prevId":0,"content":"Reply back","text":"Reply back","html":"Reply back"},{"id":4470348,"gmtCreate":1622113674637,"gmtModify":1680791331859,"authorId":3575958434174944,"author":{"id":3575958434174944,"authorId":3575958434174944,"name":"Shadotaiger","avatar":"https://static.tigerbbs.com/c26a9d060fabab1c1347edbfc7329574","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":132702416,"type":1,"supId":0,"prevId":0,"content":"reply <u>please</u>","text":"reply <u>please</u>","html":"reply <u>please</u>"}],"langContent":"EN"},{"id":132709731,"gmtCreate":1622111948323,"gmtModify":1704179664666,"author":{"id":"3575240466494143","authorId":"3575240466494143","name":"ASCNMN","avatar":"https://static.tigerbbs.com/9e7cbe60e92249aab78ace30dafa5d20","vip":1,"crmLevel":4,"crmLevelSwitch":0},"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/132709731","repostId":1142769404,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":132474583,"gmtCreate":1622111523142,"gmtModify":1704179659964,"author":{"id":"3576492761186891","authorId":"3576492761186891","name":"累 and tired of life","avatar":"https://static.tigerbbs.com/aa29f3c7da56608b062745f4f54f8524","vip":1,"hat":"https://static.tigerbbs.com/a3dee1aa3a3a3c1814833a4d3f8a5669","crmLevel":8,"crmLevelSwitch":1},"htmlText":"Like and comment","listText":"Like and comment","text":"Like and comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/132474583","repostId":1142769404,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4470352,"gmtCreate":1622113702308,"gmtModify":1680791332272,"authorId":3575958434174944,"author":{"id":3575958434174944,"authorId":3575958434174944,"name":"Shadotaiger","avatar":"https://static.tigerbbs.com/c26a9d060fabab1c1347edbfc7329574","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":132474583,"type":1,"supId":4470185,"prevId":0,"content":"comment reply pls!","text":"comment reply pls!","html":"comment reply pls!"},{"id":4470185,"gmtCreate":1622111966354,"gmtModify":1680791326532,"authorId":3575240466494143,"author":{"id":3575240466494143,"authorId":3575240466494143,"name":"ASCNMN","avatar":"https://static.tigerbbs.com/9e7cbe60e92249aab78ace30dafa5d20","vip":1,"crmLevel":4,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":132474583,"type":1,"supId":0,"prevId":0,"content":"like and comment mine to pls","text":"like and comment mine to pls","html":"like and comment mine to pls"}],"langContent":"EN"},{"id":132473417,"gmtCreate":1622110957239,"gmtModify":1704179650701,"author":{"id":"3582267850069988","authorId":"3582267850069988","name":"LengLeng","avatar":"https://static.tigerbbs.com/ea2557d94f486aa7f3d56280e2403d30","vip":1,"crmLevel":2,"crmLevelSwitch":0},"htmlText":"Like and comment pls. Thanks","listText":"Like and comment pls. Thanks","text":"Like and comment pls. Thanks","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/132473417","repostId":1142769404,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4470353,"gmtCreate":1622113713191,"gmtModify":1680791329744,"authorId":3575958434174944,"author":{"id":3575958434174944,"authorId":3575958434174944,"name":"Shadotaiger","avatar":"https://static.tigerbbs.com/c26a9d060fabab1c1347edbfc7329574","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":132473417,"type":1,"supId":0,"prevId":0,"content":"comment please!","text":"comment please!","html":"comment please!"}],"langContent":"EN"},{"id":132445676,"gmtCreate":1622110422095,"gmtModify":1704179643734,"author":{"id":"3579523962373263","authorId":"3579523962373263","name":"Huatmoney","avatar":"https://static.tigerbbs.com/b4513f3d6c5b842d70f3a1a7af1a1afa","vip":1,"crmLevel":5,"crmLevelSwitch":0},"htmlText":"Like and comment pls","listText":"Like and comment pls","text":"Like and comment pls","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":3,"repostSize":0,"link":"https://ttm.financial/post/132445676","repostId":1142769404,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4470059,"gmtCreate":1622110774586,"gmtModify":1680791333204,"authorId":3569530406935035,"author":{"id":3569530406935035,"authorId":3569530406935035,"name":"Jinkachu","avatar":"https://static.tigerbbs.com/a47cb60ff4f5df9c8eac85aa6198baa0","vip":1,"crmLevel":3,"crmLevelSwitch":1,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":132445676,"type":1,"supId":0,"prevId":0,"content":"like and share","text":"like and share","html":"like and share"},{"id":4470029,"gmtCreate":1622110542588,"gmtModify":1680791331892,"authorId":3579523962373263,"author":{"id":3579523962373263,"authorId":3579523962373263,"name":"Huatmoney","avatar":"https://static.tigerbbs.com/b4513f3d6c5b842d70f3a1a7af1a1afa","vip":1,"crmLevel":5,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":132445676,"type":1,"supId":4470018,"prevId":0,"content":"Tnks","text":"Tnks","html":"Tnks"},{"id":4470018,"gmtCreate":1622110453068,"gmtModify":1663227437551,"authorId":3583408341761113,"author":{"id":3583408341761113,"authorId":3583408341761113,"name":"CLSE","avatar":"https://static.tigerbbs.com/39f2d05a0cf2cbe8f3fb60ffa6a688fb","vip":1,"crmLevel":3,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":132445676,"type":1,"supId":0,"prevId":0,"content":"Hi","text":"Hi","html":"Hi"}],"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":27,"commentSize":14,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.24.2","shortVersion":"4.24.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1142769404"}