EU regulators checking if Vivendi jumped gun in Lagardere acquisition

BRUSSELS :EU antitrust regulators are checking whether French media conglomerate Vivendi closed its acquisition of French publisher Lagardere deal before securing regulatory approval, the European Commission said on Thursday.

Such so-called gun jumping can result in fines of up to 10 per cent of a company's group aggregate turnover. The EU antitrust watchdog has in recent years cranked up fines for such offences as a deterrent."The Commission was made aware of allegations of gun jumping, which have been reported in the press. The Commission can confirm that it is looking into the matter," the EU executive said in an email.The EU competition enforcer last week cleared the deal with conditions.

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

French company Mistral AI raises 105 million euros shortly after being set upPARIS : French technology and artificial intelligence company Mistral AI has raised 105 million euros ($113.4 million) just a month after being set up, said junior government minister Jean-Noel Barrot, as France seeks to grow its presence as a global tech hub.'Bravo to the start-up Mistral AI which has ra
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »