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Mergers and Acquisitions

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UMG offers to divest Downtown’s Curve to secure EU deal approval December 15, 2025 | Andrew Boyce

Universal Music Group has proposed to address EU objections to its Downtown takeover by offering to sell the music services company’s royalties-collection platform Curve, MLex has learned. The world’s largest ... (more story)

EU concerns over UMG-Downtown deal need ‘permanent structural approach,’ Impala says December 15, 2025 | Andrew Boyce

Universal Music Group’s attempt to win EU approval for its Downtown takeover with concessions has drawn pushback from an independent record labels’ association, which repeated its calls for the deal to be bloc... (more story)

Brazil’s CADE imposes three behavioral remedies in Petz-Cobasi merger approval December 12, 2025 | Henrique Santiago

Petz and Cobasi are set to become the largest player in the pet care sector, but their dominance will be subject to a prohibition on exclusive contracts and requiring most-favored nation clauses with suppliers.

Edwards-JenaValve deal better for patients, companies argue in post-trial brief December 12, 2025 | Wesley Brown

Edwards Lifesciences and JenaValve Technology submitted a post-trial brief Friday, arguing that their transaction is the best way forward for the companies and patients. The companies maintain that the US Fede... (more story)

Italian Finance ministry, Retelit seek EU clearance for Telecom Italia's Sparkle deal December 12, 2025 | Jean Comte

Retelit and the Italian ministry of Finance have filed their joint intended acquisition of Sparkle, Telecom Italia's undersea cable unit, for approval with the European Commission. The notification, made under... (more story)

UMG makes concessions in EU review of Downtown deal December 12, 2025 | Nicholas Hirst and Jean Comte

Universal Music Group has submitted concessions to the EU merger regulator in a bid to secure approval for its planned $775 million acquisition of Downtown Music, according to an update on the European Commission’s website. 

Waters-Becton-Dickinson deal receives antitrust clearance in the US December 12, 2025 | Flavia Fortes

Waters Corp.’s deal to merge with Becton, Dickinson and Co.’s Biosciences & Diagnostic Solutions business for $17.5 billion has received antitrust clearance in the United States.

ASEAN antitrust agencies push closer cooperation amid rise in regional mergers December 12, 2025 | Roffie Kuniawan

Competition authorities across Southeast Asia said closer coordination is needed amid the growing number of cross-border mergers and the digitalization of markets. Officials warned that remedies or commitment... (more story)

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Is IndiGo solely to blame for India's aviation meltdown, or are regulators at fault too? December 15, 2025 | Freny Patel

India’s early-December aviation collapse has sparked calls to probe IndiGo for abuse of dominance. Yet the deeper issue is how merger control allowed such extreme market concentration — and why the Competition... (more story)

Third-party testimony could turn tide in US FTC’s challenge of Edwards-JenaValve December 11, 2025 | Wesley Brown

Third-party testimony piecing together the market for transcatheter aortic valve replacement devices in the United States, much of which was sealed during trial, could be key in the US Federal Trade Commission... (more story)

HPE, US DOJ, states clash over scope of Tunney Act review December 10, 2025 | Flavia Fortes

A joint case management statement filed by the US Department of Justice, Hewlett Packard Enterprise, a coalition of 12 states and the District of Columbia reveals a sharp divide between how they think a federa... (more story)

Squid Game of Thrones, other Netflix-Warner Bros. merged IP scenarios December 10, 2025 | Melissa Ritti

News that Netflix won the bidding war for Warner Bros. Discovery has drawn the ire of Hollywood elite, piqued the interest of US President Donald Trump and prompted a sizable counteroffer from Paramount Skydan... (more story)

Netflix could argue Paramount’s higher WBD bid misstates market shares, risks December 09, 2025 | Flavia Fortes and Curtis Eichelberger

Shareholders of Warner Bros. Discovery have until just before Christmas to decide whether Netflix’s $82.7 billion bid for the company is too risky and if they should accept Paramount’s offer of $108 billion. W... (more story)

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)