Category: Global Blogs

US: Music buyouts continue with Google’s latest purchase (Competition Policy International)

Google, whose YouTube is set to launch a music streaming service later this year, has reportedly inked its latest acquisition of startup music streamer Songza.

According to sources, while the companies did not disclose financial details of the buy, the deal was made for about $35 million. The company specializes in …read more

France: Orange abandons merger plans (Competition Policy International)

Onetime monopoly Orange said it has abandoned any plans to strike a merger deal that would further shake up France’s wireless industry, according to reports.

Orange’s decision puts a wrinkle in a long line of recent wireless deals, beginning with the launch of new market entrant Iliad in 2012. Recently, Bouygues …read more

US: Jones Day antitrust partner leaves for Milbank (Competition Policy International)

An antirust partner at Jones Day has reportedly left the firm to join Milbank, Tweed, Hadley & McCloy LLP.

According to reports, Fiona Schaeffer will join Milbank as a partner in New York. She specializes in competition law and advises on merger transactions, reports say, as well as regulatory matters.

According to …read more

China: Lenovo optimistic on big-time merger plans (Competition Policy International)

The world’s largest personal computer supplier Lenovo is optimistic regarding its plans to fulfill its two largest acquisitions by the end of this year, say reports.

China’s Lenovo said Tuesday that there are no changes to their timetable to complete deals involving IBM and Motorola Mobility. The company is looking to …read more