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. A CRA team including Cristina Caffarra, Oliver Latham, and Matteo Foschi advised the Parties.
The effect of platform integration on competition and innovation
Digital companies have profoundly reshaped the economy. They have opened new distribution channels, reorganized supply chains, transformed how businesses reach...