“did not breach the thresholds for compulsory notification,” a high-ranking official of the anti-thrust body said Tuesday.
Bernabe of PCC said “publicly available information suggests that the transaction was entered into by the parties when the P50-billion notification thresholds under Republic Act No. 11494 or the Bayanihan to Heal as One Act was in effect”. “Transactions in digital markets are often characterized by small tangible assets that fail to meet the triggers for mandatory review. Their importance and utility to consumers, however, rank high in the priorities of the Commission to merit steadfast monitoring,” he said.
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