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> We can only hope that authorities won't allow an acquisition by Amazon (EU maybe?). This would only be for the US arm of TikTok, yeah? So EU will have no ove
by anon7000 2y ago
> We can only hope that authorities won't allow an acquisition by Amazon (EU maybe?).
This would only be for the US arm of TikTok, yeah? So EU will have no oversight
- Beijinger 2y agoAs far as I understand, this is wrong. "The European Union (EU) cannot directly veto Amazon's acquisition of TikTok's U.S. operations, as the EU's jurisdiction is limited to transactions that impact the European market. However, if TikTok has significant operations or revenue in Europe, the EU could review the deal under its merger control and foreign investment regulations, such as the Foreign Subsidies Regulation (FSR). This applies to acquisitions involving companies with an EU turnover exceeding €500 million and substantial foreign financial contributions"