A Press Gazette story Tuesday notes that the proposed merger between business news wire services Reuters Plc and Thomson Corp. is raising red flags with European regulators.
The story stated, “The Commission statement explained: ‘The Commission’s initial market investigation indicates that the proposed merger would raise serious doubts as regards adverse effects on competition in several markets of the financial information sector. The decision to open an in-depth inquiry does not prejudge the final result of the investigation.’
“Commission officials now have 90 days- until February 25 next year – to rule on whether the merger of the media giants would ‘significantly impede’ effective competition in Europe, breaching EU merger rules.
“A combination of Reuters and Thomson would give Thomson a bigger stake in a market currently dominated by Reuters and Bloomberg.
Read more here.
