On 8 March 2021, the European Commission unconditionally cleared Microsoft’s $7.5bn acquisition of ZeniMax (publisher of video games including the Fallout and The Elder Scrolls series). The Commission considered and rejected horizontal theories of harm in games publishing and non-horizontal theories of harm arising from Microsoft’s Xbox console. CRA advised the Parties.
Data sharing in hybrid marketplaces with endogenous fee setting
The issue is especially timely given provisions in the EU’s Digital Markets Act (DMA) designed to expand access to data held by large digital platforms. The...