3 ms·
Will this prevent the merger from happening in other markets too?
by jerrygenser 3y ago
Will this prevent the merger from happening in other markets too?
- jalev 3y agoNo. It's only relevant in the UK. If other regulators want to go forward with it then they can.
- paol 3y agoThat's not how it works. Companies with global presence (like these 2) need to have regulatory permission in every jurisdiction where they operate. If a jurisdiction forbids the merger then they would no longer be able to operate there. Consequently any regulator in charge of a sufficiently important market has de-facto veto power globally.
- drumhead 3y agoNo, but the EU and US regulators will look at the Uk's reasoning for blocking the bid and it may influence their own decisions.