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Mergers and Acquisitions

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Netflix–Warner Bros. class action alleges harm from 'audacious' tie-up December 09, 2025 | Flavia Fortes and Curtis Eichelberger

A new class action filed in a California federal court seeks to block Netflix’s proposed acquisition of Warner Brothers Discovery, alleging the deal would substantially lessen competition in the US subscriptio... (more story)

Deglobalization may lead to narrow markets in merger review, EU’s Loriot says December 09, 2025 | Nicholas Hirst

The retreat of globalization and the presence of obstacles to global trade may throw up challenges for merging parties arguing for a global view of competition, top EU merger official Guillaume Loriot told a c... (more story)

UK merger-efficiencies review to start in early 2026 December 09, 2025 | Jon Menon

The UK Competition and Markets Authority is to review its approach to merger efficiencies, or the benefits that may result from a deal under investigation, in early 2026. The CMA will start by seeking views fr... (more story)

Using competition policy as trade tool could backfire, French watchdog chief says December 09, 2025 | Jean Comte

Using competition policy to achieve European trade goals could backfire at home, but it could play a role in boosting resilience to shocks and reducing strategic weaknesses, the president of the French competi... (more story)

No repurposing of trade tools for economic security, EU’s Redonnet says December 09, 2025 | Oscar Pandiello and Lewis Crofts

The EU won’t repurpose its trade instruments or the Foreign Subsidies Regulation but will apply them through an economic-security lens, senior officials have said. Denis Redonnet said on Tuesday that tools bui... (more story)

Google’s AI Overviews targeted in new EU antitrust probe (update*) December 09, 2025 | Lewis Crofts and Nicholas Hirst

Google is facing its fifth EU antitrust probe after officials started an investigation into AI services such as “AI Overviews,” which deliver summary responses to online search queries. The European Commission... (more story)

US Supreme Court considers FTC’s executive power, ‘for cause’ removal protections December 08, 2025 | Claude Marx, Dwight A. Weingarten and Khushita Vasant

The US Supreme Court seemed poised Monday to give the president the power to remove members of independent agencies such as the Federal Trade Commission for any reason, a departure from the FTC Act’s removal protection.

Paramount notifying US of $108bn hostile bid for Warner Bros. December 08, 2025 | Nicholas Hirst, Flavia Fortes and Curtis Eichelberger

Netflix, through its bid for Warner Bros. Discovery, aims at “dominating” the film and TV sector, according to Paramount executives who explained the details of their own hostile bid. Paramount said its offer ... (more story)

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Constellation case shows US focus on antitrust in consumer necessities December 08, 2025 | Ilana Kowarski

Action by US government authorities against the merger of the Constellation Energy and Calpine power companies demonstrate a focus on the monopolization of nondiscretionary budget staples such as electricity.

UPM-Sappi venture tests EU regulator’s view of high shares in declining markets December 08, 2025 | Andrew Boyce

UPM-Kymmene and Sappi’s €1.42 billion plan to combine their graphic-paper businesses in a joint venture is the latest in a string of deals that will test how EU competition regulators view high market shares i... (more story)

Netflix-WB merger agreement clauses highlight intense, expected antitrust risk December 05, 2025 | Flavia Fortes

The merger agreement between Netflix and Warner Bros. for their proposed $82.7 billion deal has key provisions that point to the intense antitrust risk the companies expect to face, embedding unusually expansi... (more story)

EU Commission bets on consolidation to power up capital markets December 04, 2025 | Fanny Roux

Scaling up EU market infrastructures and the asset-management sector is seen by the bloc's executive arm as essential for achieving more competitive capital markets. To support this vision, the European Commis... (more story)

Japan reinvents industry policy to protect technologies and supply chains December 04, 2025 | Sachiko Sakamaki

Japan is recalibrating its industrial policy to safeguard critical technologies and secure domestic supplies of strategic materials, amid escalating geopolitical tensions and widening export controls by major ... (more story)

Alaska, Hawaiian Air flyers detail harms to renew suit, show standing December 03, 2025 | Ilana Kowarski and Flavia Fortes

Consumers who want to unwind the Alaska-Hawaiian Airlines merger have returned to court with an amended lawsuit, telling the judge who rejected their prior effort to block the merger that they have ample proof... (more story)

Slaughter’s legal showdown has broad implications (FTCWatch) November 28, 2025 | Claude Marx

The nature of the Federal Trade Commission and presidential power will be at issue on Dec. 8 as the Supreme Court hears the case in which former Commissioner Rebecca Kelly Slaughter challenges her firing by Pr... (more story)

Doctolib's fine in France for purchase of rival raises antitrust policy questions November 28, 2025 | Jean Comte

The French competition watchdog's decision to fine Doctolib, the leading online medical appointment booking platform, over its acquisition of a rival seven years ago is raising questions about where the line i... (more story)