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Vestager flags EU’s ‘more extensive’ ability to review ‘killer acquisitions’ since Illumina case

By Lewis Crofts, Nicholas Hirst and Natalie McNelis ( September 3, 2024, 09:08 GMT | Insight) -- Large companies moving to acquire startups already face a greater chance of review by European antitrust authorities compared with 2021, Margrethe Vestager said, responding to today's court defeat to Illumina. While judges ruled that the European Commission wrongly examined Illumina’s 2020 purchase of Grail and did not enjoy limitless jurisdiction to scrutinize global mergers, Vestager said that since then national watchdogs had acquired greater powers and the chance to review such deals was now “more extensive.”Large companies moving to acquire startups already face a greater chance of review by European antitrust authorities compared with 2021, Margrethe Vestager said, responding to today's court defeat to Illumina....

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