The European Commission has extended the deadline for its decision on Microsoft‘s $69 billion Activision Blizzard merger. EU antitrust boss Margrethe Vestager says global regulators “cannot be in a race” to decide on mega deals
post-merger, although it views these as less favourable than structural ones which rarely require monitoring and enforcement once implemented.
Asked if she was surprised at the speed at which the CMA produced its findings, and whether regulators were now engaged in a race to do so, Vestager said: “I think that’s a very important discussion because we cannot be in a race. We need to serve the specific markets where we have jurisdiction. “And I also hope that people working with us appreciate that we have a different legal framework. I think in Europe we are the ones with the highest bar, the most heavyweight legal obligations. We need to produce a recent decision that will eventually go public but that will also have to stand up for very tight scrutiny in court.
“The UK system is different, the US system is different again. So even when we look at the same transaction with different markets and different legal provisions, sometimes we’ll get to different results.”
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