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Mergers and Acquisitions

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UPM says Sappi EU review progressing ‘as planned,’ US clearance received July 23, 2026 | Andrew Boyce

UPM and Sappi continue to expect EU regulatory approval for their graphic paper joint venture this year, the Finnish manufacturer’s chief executive said. Massimo Reynaudo said UPM had already received antitrus... (more story)

Saudi PIF’s Electronic Arts deal wins EU competition approval July 23, 2026 | Andrew Boyce

Saudi Arabia’s Public Investment Fund has secured EU merger approval for its $55 billion takeover of video game maker Electronic Arts. The European Commission said the deal raised no competition concerns. The ... (more story)

Paramount, Warner seek later evidentiary hearing in US states' merger challenge July 23, 2026 | Alex Wilts

Paramount Skydance and Warner Bros. Discovery urged a California federal judge to vacate an Aug. 3 hearing on a preliminary-injunction motion from US states challenging the companies' merger, and instead hold ... (more story)

US STB warns Union Pacific, Norfolk Southern against retaliation July 22, 2026 | Ilana Kowarski

Railroads Union Pacific and Norfolk Southern received a warning Wednesday from the US Surface Transportation Board, which told the merging parties that it “will not tolerate retaliation” against merger critics... (more story)

Nexstar leaders should be removed from Tegna's board, US deal challengers argue July 22, 2026 | Ilana Kowarski

Plaintiffs challenging the Nexstar-Tegna merger argue that Nexstar violated a preliminary injunction and hold-separate order for its acquisition of Tegna when the firm replaced Tegna’s original board of direct... (more story)

Amazon, Globalstar urge US FCC to approve merger July 22, 2026 | Wesley Brown

Amazon and Globalstar urged the US Federal Communications Commission to approve their merger, in their opposition to the lone petition opposing Amazon's acquisition. Yippy Inc. asked the FCC to deny the transf... (more story)

Paramount’s Warner Bros. deal cleared in EU with film distribution commitments July 22, 2026 | Andrew Boyce

Paramount Skydance has secured EU clearance for its Warner Bros. Discovery takeover after agreeing to terminate its stake in a film distribution joint venture with Universal to address competition concerns.

Saipem-Subsea7 draws in-depth EU probe July 22, 2026 | Nicholas Hirst and Andrew Boyce

Saipem’s bid to merge with energy services rival Subsea7 has drawn an in-depth EU probe, with the European Commission citing concerns the tie-up would “significantly reduce competition” in the “already highly ... (more story)

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Hurdles remain for Trump's prospective head of US DOJ's Antitrust Division July 22, 2026 | Chris May and Alex Wilts

Adam Candeub, President Donald Trump's nominee to oversee antitrust enforcement at the US Department of Justice, must clear procedural and institutional hurdles before he can implement any vision for the futur... (more story)

US Paramount-Warner case revives battle over Big Tech, market definition July 21, 2026 | Alex Wilts and Flavia Fortes

For more than a decade, merging parties have pointed to the expansion of Big Tech into adjacent industries as evidence that traditional market boundaries no longer reflect competitive reality. That issue is no... (more story)

US states win temporary Paramount-Warner block, but face tight timetable July 20, 2026 | Flavia Fortes

A federal judge handed state attorneys general another early procedural win in merger litigation by temporarily blocking Paramount's acquisition of Warner Bros. Discovery. But the court's decision to fast-trac... (more story)

US states' Paramount-Warner suit tests narrow antitrust markets July 14, 2026 | Flavia Fortes

For years, defining narrow relevant markets around a subset of premium products has been a controversial legal strategy in merger enforcement. States challenging the proposed Paramount-Warner combination are n... (more story)

Trump role in railroad merger magnified by high court but remains unclear July 14, 2026 | Curtis Eichelberger

The US Supreme Court’s decision in Trump v. Slaughter strengthened the president’s authority over formerly independent agencies such as the US Surface Transportation Board, but it remains to be seen whether th... (more story)

Bonta casts California as backstop to Trump's antitrust retreat July 13, 2026 | Flavia Fortes and Curtis Eichelberger

California Attorney General Rob Bonta said a lawsuit against the proposed merger by Paramount and Warner Bros. Discovery is about much more than one Hollywood transaction. Bonta’s message is that California is... (more story)

US FTC's Loctite-Liquid Nails case focuses on hardware store sales July 10, 2026 | Ilana Kowarski

If corporate consolidation binds Loctite to Liquid Nails, the two glue heavyweights will have the potential to dominate the construction adhesive retail market, the US Federal Trade Commission is set to argue ... (more story)

Foxconn-Mitsubishi review exposed legal-certainty problem inside Brazil CADE July 08, 2026 | Maria Júlia Baumert

A ruling by the Brazilian competition authority's Tribunal on the Foxconn-Mitsubishi Fuso joint venture proposal did more than settle a jurisdictional dispute over how turnover thresholds should be applied to ... (more story)