Samuel Stolton
@samuelstolton.bsky.social
2.6K followers 320 following 69 posts
European Competition Reporter at Bloomberg News. https://bloomberg.com/authors/AWTd_b4tFic/samuel-stolton Email: [email protected]
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samuelstolton.bsky.social
New: ADNOC's nearly €12 billion takeover of Covestro is edging closer to European Union approval after talks with regulators paved the way for a package of commitments to be submitted as soon as next week, according to people familiar with the matter: www.bloomberg.com/news/article...
www.bloomberg.com
samuelstolton.bsky.social
EU Commission ironing out the kinks in its Google Adtech decision:

- Decision still due within days / weeks
- Cease & desist order rather than a full-blown breakup
- Expected to be smallest-ever EU Google antitrust fine

But the 'kink' in question is a biggun'...
www.bloomberg.com/news/article...
Google’s Adtech Fine Delayed as EU Frets Over Trump Backlash
The European Union paused its immediate plans to punish Alphabet Inc.’s Google for abusing its dominance over advertising technology amid fears that US President Donald Trump could hit back by…
www.bloomberg.com
samuelstolton.bsky.social
New: Italy has pushed back against EU criticism of Rome’s power to block or limit deals, which Prime Minister Giorgia Meloni recently used in UniCredit's now-failed attempt to acquire Banco BPM. w/ Alessandra Migliaccio & Sonia Sirletti

www.bloomberg.com/news/article...
Italy Defends Right to Restrict UniCredit’s BPM Bid in EU Reply
Italy has pushed back against European Union criticism of Rome’s power to block or limit deals, which Prime Minister Giorgia Meloni recently used in UniCredit SpA’s now-failed attempt to acquire…
www.bloomberg.com
samuelstolton.bsky.social
& the admission that VDL changed handsets several times since the exchange with Pfizer's Bourla is a moot point - particularly if a cloud-based messaging service was used. Surely some trace of data must be accessible...somewhere? I defer to technical experts here. @alexfanta.bsky.social
samuelstolton.bsky.social
There are technical differences between accessing missing Signal messages (which appears to VDL's platform of choice), and WhatsApp messages.

But the fact that forensic experts have not been called in to assist in Pfizergate - in the name of transparency - is puzzling...
samuelstolton.bsky.social
A competition case that resulted in a hefty fine last year for International Flavors & Fragrances.

In this investigation, the commission's own experts were able to recover intentionally deleted WhatsApp messages that evidenced abusive behavior.

ec.europa.eu/commission/p...
ec.europa.eu
samuelstolton.bsky.social
But...'should' the #Pfizergate saga end? The Commission has forensic IT experts under its employ who are often tasked with identifying 'deleted' records. For example...
rasmuskleis.bsky.social
"The Pfizergate saga ends, for now, with the sad truth that seemingly no one can compel von der Leyen to play by the rules of a democracy, in which laws have to be followed, and officials communications are subject to scrutiny, even when it troubles the powerful" @alexfanta.bsky.social writes.

🧵⬇️
alexfanta.bsky.social
🧨 New revelation in the Pfizergate affair over Commission chief Ursula von der Leyen’s texts with the Pfizer CEO.

The European Commission admitted to the New York Times this week that it lost the texts only after I made an official request for them.

🧵
samuelstolton.bsky.social
New: Broadcom’s $61 billion acquisition of VMware faces scrutiny from EU judges, after a cloud computing group contested the European Commission’s approval of one of the world’s biggest tech deals: www.bloomberg.com/news/article...
www.bloomberg.com
samuelstolton.bsky.social
❗ Malta’s “golden passports” program violates EU law, the bloc’s top court ruled in a case that could have transformed the EU into a haven for affluent foreigners at a time when US President Donald Trump wants to entice them across the Atlantic: www.bloomberg.com/news/article...
Top EU Court Bans ‘Golden Passports’ Sold to Rich Foreigners
Malta’s “golden passports” program for wealthy investors violates European Union rules on citizenship, the bloc’s top court ruled in a case that could have transformed the EU into a haven for…
www.bloomberg.com
Reposted by Samuel Stolton
Reposted by Samuel Stolton
samuelstolton.bsky.social
❗ Scoop: TikTok owner ByteDance is set to be hit by a privacy fine of more than €500 million for illegally shipping European users’ data to China, adding to the growing global backlash over the video-sharing app:
TikTok Faces Fine Over €500 Million for EU Data Sent to China
TikTok owner ByteDance Ltd. is set to be hit by a privacy fine of more than €500 million ($553 million) for illegally shipping European users’ data to China, adding to the growing global backlash…
www.bloomberg.com
samuelstolton.bsky.social
The EU pressed Meta to create a separate version of Facebook Marketplace or offer users a way to access rival services in order to fix antitrust concerns, when it fined the firm €798 million last year. The decision was today made public in full:
EU Pressed Meta to Separate Marketplace to Fix Antitrust Issues
The European Union pressed Meta Platforms Inc. to create a separate version of its Facebook Marketplace site or offer users a way to access rival services in order to fix antitrust concerns when it…
www.bloomberg.com
samuelstolton.bsky.social
UBS, Nomura, and UniCredit failed to overturn European Union antitrust fines totaling hundreds of millions of euros levied over allegations they colluded on government bond trading during the region’s sovereign debt crisis.
UBS, Nomura, UniCredit Lose Appeal Over EU Bond Cartel Fines
UBS Group AG, Nomura Holdings Inc. and UniCredit SpA failed to overturn European Union antitrust fines totaling hundreds of millions of euros levied over allegations they colluded on government bond…
www.bloomberg.com