The article reports on the need of European Commission's (EC) filing threshold based on transaction value which has its impact on web of merger approval processes. It mentions that the European Union's antitrust commissioner is thinking for the changes to complement today's turnover threshold. It states that digital business models are often platform-based, which tend towards consolidation. It presents the views of Nick Levy, partner at law firm Cleary Gottlieb Steen & Hamilton, on the same.
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