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

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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...

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Shadotaiger
·2021-05-27
any comments?
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2
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- Jayden86_:
  Reply back
  2021-05-27
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Kelvin17
·2021-05-27
Like and comment thansk
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3
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- Jayden86_:
  Reply back
  2021-05-27
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- Shadotaiger:
  reply please
  2021-05-27
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ASCNMN
·2021-05-27
Ok
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3
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HernHern
·2021-05-27
Like and comment
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3
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- Shadotaiger:
  comment reply pls!
  2021-05-27
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- ASCNMN:
  like and comment mine to pls
  2021-05-27
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LengLeng
·2021-05-27
Like and comment pls. Thanks
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4
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- Shadotaiger:
  comment please!
  2021-05-27
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Huatmoney
·2021-05-27
Like and comment pls
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6
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- Jinkachu:
  like and share
  2021-05-27
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- Huatmoney:
  Tnks
  2021-05-27
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- CLSE:
  Hi
  2021-05-27
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Slee49
·2021-05-27
Like
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3
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Slee49
·2021-05-27
Noted
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2
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Slee49
·2021-05-27
Ps coment,tks
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- Huatmoney:
  Ok
  2021-05-27
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- KTKC:
  like and comment pls
  2021-05-27
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fishcat
·2021-05-27
Pls comment... Thanks
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- Huatmoney:
  Ok
  2021-05-27
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- LeeWan:
  Pls reply
  2021-05-27
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Jack1999
·2021-05-27
[微笑]
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Jason138
·2021-05-27
Hmmmm
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Check7mate7
·2021-05-27
Bump
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- Huathk:
  Gd
  2021-05-28
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xoomix
·2021-05-27
Like n comment pls
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- Aaronykc:
  Pls reply
  2021-05-27
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- Alexsj2021:
  Done
  2021-05-27
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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 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<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,"idStr":"3575240466494143","authorIdStr":"3575240466494143"},"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":"HernHern","avatar":"https://static.tigerbbs.com/aa29f3c7da56608b062745f4f54f8524","vip":1,"hat":"https://static.tigerbbs.com/4c5ceab71416b120bab4604c0754b52a","crmLevel":7,"crmLevelSwitch":1,"idStr":"3576492761186891","authorIdStr":"3576492761186891"},"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,"idStr":"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 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