S H E A R M A N & S T E R L I N G L L P | 3 5
MERGER CONTROL
CONGLOMERATE
EFFECTS
A N E U R E S U R G E N C E ?
BY MATTHEW READINGS AND SIMON THEXTON
The European Commission (EC) is increasingly
invoking conglomerate theories of harm in
its merger reviews. The complexity of these
theories is resulting in more in-depth Phase 2
reviews and behavioral access commitments
are relatively common for conglomerate
mergers in the high-tech space.
Continued overleaf
