You will be redirected back to your article in seconds

ECC Greenlight MCA Buyout

The European Community Commission last week cleared Matsushita Electrical Industrial Co.’s takeover of MCA Inc., saying the buyout was unlikely to put Matsushita in a dominant position, which would seriously impede competition in the EC. According to the Dow Jones, the EC said this is the first conglomerate merger the commission has completed. Had the Commission opposed the buyout, it could have blocked or altered the merger in the EC.

Under merger law, any company with EC sales worth more than 250 million European currency units and total revenues of more than five billion European currency units a year must notify the commission if it is planning to link up with another concern which might adversely affect competition.

More Scene

  • 'Patrick Melrose' TV show premiere

    Benedict Cumberbatch Calls 'Patrick Melrose' His 'Passion Project'

    The European Community Commission last week cleared Matsushita Electrical Industrial Co.’s takeover of MCA Inc., saying the buyout was unlikely to put Matsushita in a dominant position, which would seriously impede competition in the EC. According to the Dow Jones, the EC said this is the first conglomerate merger the commission has completed. Had the […]

  • 'Cobra Kai' premiere

    ‘Cobra Kai’: Why Ralph Macchio Revisited 'Karate Kid' Character After 30 Years

    The European Community Commission last week cleared Matsushita Electrical Industrial Co.’s takeover of MCA Inc., saying the buyout was unlikely to put Matsushita in a dominant position, which would seriously impede competition in the EC. According to the Dow Jones, the EC said this is the first conglomerate merger the commission has completed. Had the […]

  • Jennifer LopezTime 100 Gala - Red

    Time 100 Gala: J. Lo 'Feels Naked,' Shawn Mendes Performs, Kesha Hugs Parkland Survivors

    The European Community Commission last week cleared Matsushita Electrical Industrial Co.’s takeover of MCA Inc., saying the buyout was unlikely to put Matsushita in a dominant position, which would seriously impede competition in the EC. According to the Dow Jones, the EC said this is the first conglomerate merger the commission has completed. Had the […]

  • Robert Downey Jr'Avengers: Infinity War' film

    'Avengers: Infinity War' Premiere Draws Largest Contingent of Marvel Superheroes

    The European Community Commission last week cleared Matsushita Electrical Industrial Co.’s takeover of MCA Inc., saying the buyout was unlikely to put Matsushita in a dominant position, which would seriously impede competition in the EC. According to the Dow Jones, the EC said this is the first conglomerate merger the commission has completed. Had the […]

  • 'The Week Of' film premiere

    'The Week Of' Director Talks Reuniting With Adam Sandler After 'SNL'

    The European Community Commission last week cleared Matsushita Electrical Industrial Co.’s takeover of MCA Inc., saying the buyout was unlikely to put Matsushita in a dominant position, which would seriously impede competition in the EC. According to the Dow Jones, the EC said this is the first conglomerate merger the commission has completed. Had the […]

  • Beautycon Festival

    Laverne Cox, Paris Hilton Promote Self-Love at Beautycon NYC

    The European Community Commission last week cleared Matsushita Electrical Industrial Co.’s takeover of MCA Inc., saying the buyout was unlikely to put Matsushita in a dominant position, which would seriously impede competition in the EC. According to the Dow Jones, the EC said this is the first conglomerate merger the commission has completed. Had the […]

  • Duke and Duchess of Cambridge

    The Duchess of Cambridge Gives Birth to Baby Boy

    The European Community Commission last week cleared Matsushita Electrical Industrial Co.’s takeover of MCA Inc., saying the buyout was unlikely to put Matsushita in a dominant position, which would seriously impede competition in the EC. According to the Dow Jones, the EC said this is the first conglomerate merger the commission has completed. Had the […]

More From Our Brands

Access exclusive content