4 ms·
As 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
by Beijinger 2y ago
As 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"