M. Nottingham, here.
Thursday, April 30, 2026
Gericht stoppt Untersuchung des Kraftstoffgroßhandels
Bundeskartellamt, hier.
[Das Amt hat zur Klärung der aufgeworfenen Grundsatzfragen Rechtsmittel beim Bundesgerichtshof eingelegt]
| Company | Nationality / seat | Ownership |
|---|---|---|
| Argus Media | UK / London | Private; employee shareholders, Adrian Binks, General Atlantic (US-based growth equity firm) |
| S&P Global | US / New York | Publicly traded US company; institutional shareholders |
Draft Merger Guidelines: 98 pages, seriously?
EC, or just (?) the Commission services: unclear, here.
Central question to me: do the draft Merger Guidelines go beyond innovation incentives and genuinely recognise competition as a process of decentralised experimentation, learning and discovery, in which firm heterogeneity and diverse innovation paths have independent competitive value🤔?
I'm so adverse to the term "innovation shield" that I won't be able to teach it as such, I'm afraid - I'll need to come up with another name. A bit of sanity, though: "this thing" doesn't apply to the acquisition of a start-up with an R&D project if the acquirer is a gatekeeper.
That speck in someone else’s eye
"well-placed sources have told News Diggers! that the Summit has actually been cancelled because the programme involves Taiwanese delegates who would potentially speak against China at a venue donated by the Chinese government," here.
Please Do Not Call It a Watering Down of EU Merger Control
The Commission has spent the past week preparing the ground: the revision of the EU Merger Guidelines, we are told, is not about lowering the bar, nor about approving every deal without serious scrutiny.
Yet the mood among practitioners seems different. What emerged yesterday at the AGCM Conference was a clear expectation of weaker enforcement. The reaction from some national competition authorities was correspondingly concerned.
That said, I have argued since time immemorial for a more dynamic approach to merger control (and to everything else - this goes back to my *German* PhD in economics). Static analysis is insufficient where future rivalry, discovery, potential competition, data, ecosystems, etc. matter more than immediate price effects.
So I remain curious to see what the draft says on innovation. If the revised Guidelines make innovation analysis more serious, operational and evidence-based, that would be welcome. If, instead, “innovation” becomes the new respectable language for approving concentration in the name of scale, the revision will likely cause problems rather than solving them.
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Because I will not be in Berlin, this is my plan for making the most of re:publica 2026, an especially promising event. This first list cont...
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K. Hao, here.
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Open Future, here.
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FES, here.
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CMA, here.
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Podcast, hier.
