VIENNA, June 2, 2021 /PRNewswire/ Russmedia Equity Partners acquires the online marketplace Shpock from the Norwegian online classifieds specialist Adevinta. In addition to its current market
EU to decide on Astrazeneca s $39 billion Alexion deal by July 5
06/01/2021 8:44
BRUSSELS (Reuters) - EU antitrust regulators will decide by July 5 whether to clear Anglo-Swedish drugmaker AstraZeneca s $39 billion bid for U.S.-based Alexion, a European Commission filing showed on Tuesday.
AstraZeneca sought EU approval on Monday for the deal, its largest ever in a bet on rare-disease immunology and to boost its business, which includes a fast-growing cancer medicines unit and a major COVID-19 vaccine.
The Commission can either clear the deal with or without conditions or it can open a four-month long investigation if it has serious concerns.
The UK Competition Authority and Markets Authority is also reviewing the bid which has already received the green light in the United States, Canada, Brazil and Russia.
Five competition ministers discuss regulating Big Tech
Regulating big tech has become a global preoccupation; how such regulation might affect journalism is less clear. A couple of months after the controversial Australian News Media and Digital Platform Bargaining Code came into force, requiring Google and Facebook to pay for news in the country, competition ministers around the world are considering whether to adapt it and adopt it at home.
In the past, European governments have tried to use copyright law to get Google and Facebook to pay for news; they are continuing down that route with the recent European Copyright Directive.
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