Cripes, this is good news and you guys are still making snarky political jibes. Really hostile atmosphere around here.
Apple didn't need the EU to approve the merger for it to happen, but they did need the EU to approve it if they wanted to do business in the EU, which, like it or not, pretty much equates to the same thing in any rational world; the EU being a huge market.
Apple: Yeah, thanks, Europe; we were really concerned about what you thought regarding the acquisition of an American company by an American company.
Quote:
Originally Posted by GrangerFX
Aww, thank you European Commission. Just for that, I am going to authorize your bailout of Greece.
Regardless of what you think, if the EU had nixed it -- not that they really had any reason to -- the acquisition would/could not have gone ahead without conditions they attached to it being met. As has been pointed out above, any country (or group of countries under a common legal umbrella, such as the EU) can sue for antitrust violations for the anticompetitive effects of revenues in their territory (usually, some share or size threshold has to be met). The combined company would face huge fines for revenues generated in the EU if they did not comply.
I think the GE/Honeywell merger fell over for a host of reasons, not because of what some public servant in Brussels thought. What this shows is the euro weenies take it apron the sleeves to spend euros on whether or not two yank companies can merge or not. And they wonder why there their economies are in the toilet. And another example of how the land of the free has fallen, that it puts up with this posturing, because that is all it is.
I think the GE/Honeywell merger fell over for a host of reasons, not because of what some public servant in Brussels thought. What this shows is the euro weenies take it apron the sleeves to spend euros on whether or not two yank companies can merge or not. And they wonder why there their economies are in the toilet. And another example of how the land of the free has fallen, that it puts up with this posturing, because that is all it is.
Read the link is posted. I can give you dozens and dozens that have analyzed the collapse of the deal. Mario Monti's (EU competition commissioner then) response to Jack Welch (GE's CEO then) pretty much killed it. Period.
"The bursting of the U.S. (United States) housing bubble, which peaked in 2006, caused the values of securities tied to U.S. real estate pricing to plummet, damaging financial institutions globally."
If the US behaved a little more like the EU when it came to regulation, maybe these things wouldn't happen.
"The bursting of the U.S. (United States) housing bubble, which peaked in 2006, caused the values of securities tied to U.S. real estate pricing to plummet, damaging financial institutions globally."
If the US behaved a little more like the EU when it came to regulation, maybe these things wouldn't happen.
In fairness, the economies of the 'PIGS' countries did go down the toilet, and for almost entirely their own reasons. The US crisis may have nudged it along.
That said, many economies in the EU are doing at least as well as, if not better than, the US: Germany (21% of EU economy), UK (15%), Italy (which has come roaring back, 14%), Scandinavia (7%), most of the Baltic countries.
That said, many economies in the EU are doing at least as well as, if not better than, the US: Germany (21% of EU economy), UK (15%), Italy (which has come roaring back, 14%), Scandinavia (7%), most of the Baltic countries.
Italy roaring back to zero. ;-)
There are very few economies that are really showing any sustainable growth. The US supposedly has 3% growth but it is debatable. The only two counties that come to mind, which have shown substantial growth, are China and Panama at 8% and 7.5% respectively.
Regardless of what you think, if the EU had nixed it -- not that they really had any reason to -- the acquisition would/could not have gone ahead without conditions they attached to it being met.
Nah.
As has been pointed out above, any country (or group of countries under a common legal umbrella, such as the EU) can sue for antitrust violations for the anticompetitive effects of revenues in their territory
So they stop selling in the territory until the mental defectives are voted out or they change their minds. Europe has no control over US companies.
So they stop selling in the territory until the mental defectives are voted out or they change their minds. Europe has no control over US companies.
If we follow that to its logical conclusion, Apple would be doing business nowhere on earth -- including the US, where it's getting screwed over by the DoJ.
Policing anti-competitive behaviour is the mark of a mental defective now?
Yep, you still can’t read the English language, which is embarrassing for an Englishman. “Fool me 17 times,” as they say. You know exactly what was written and what it means; there will be no additional clarification for you.
<div class="quote-container" data-huddler-embed="/t/181585/european-commission-oks-apples-3b-purchase-of-beats#post_2570274" data-huddler-embed-placeholder="false"><span style="background-color:rgb(241, 241, 241); line-height:1.4em">Originally Posted by </span><strong style="background-color:rgb(241, 241, 241); font-style:normal; line-height:1.4em">anantksundaram</strong><span style="background-color:rgb(241, 241, 241); line-height:1.4em"> </span><a href="/t/181585/european-commission-oks-apples-3b-purchase-of-beats#post_2570274" style="background-color: rgb(241, 241, 241); line-height: 1.4em;"><img alt="View Post" src="/img/forum/go_quote.gif" /></a><div class="quote-block"><span style="line-height:1.4em">Regardless of what you think, if the EU had nixed it -- not that they really had any reason to -- the acquisition would/could not have gone ahead without conditions they attached to it being met.</span></div></div><p> </p><p>Nah.</p><div class="quote-container"> <div class="quote-block"><div><span style="color:rgb(0, 0, 0)">As has been pointed out above, any country (or group of countries under a common legal umbrella, such as the EU) can sue for antitrust violations for the anticompetitive effects of revenues in their territory</span> </div></div></div><p> </p><p>So they stop selling in the territory until the mental defectives are voted out or they change their minds. Europe has no control over US companies.</p>
showing an appalling lack of understanding.
As beats/Apple are really going to pull out one of the biggest markets in the world. That would be mentally defective!
You do business in the EU, you comply to their rules. Like it or not, it's tough. Just like if an EU company does business in the USA.
Yep, you still can’t read the English language, which is embarrassing for an Englishman. “Fool me 17 times,” as they say. You know exactly what was written and what it means; there will be no additional clarification for you.
Of course I know what was written and what it means, you said that there were mental defectives within the EU (I don't deny that, the UK put some of them there) in direct relation to a decision on anti-competitive evaluation. Since the decision went Apple's favour, and I don't think for a second you'd consider that mentally defective, the implication has to be that the very existence of an evaluation means that there are mental defectives. Which is what I responded with. To which, as per normal, you retort with nothing of any substance, just jibes about your critics' reading ability - even though we saw direct evidence in another thread that it's you who don't read posts carefully.
Obviously you're just mouthing off as normal, so I shouldn't bother responding at all, but I do so hate to see your pompous ridiculousness go unchallenged.
Comments
Cripes, this is good news and you guys are still making snarky political jibes. Really hostile atmosphere around here.
Apple didn't need the EU to approve the merger for it to happen, but they did need the EU to approve it if they wanted to do business in the EU, which, like it or not, pretty much equates to the same thing in any rational world; the EU being a huge market.
I was only five but had progressive tastes even back then
I'm missing something here ... 'Dreg?'
Apple: Yeah, thanks, Europe; we were really concerned about what you thought regarding the acquisition of an American company by an American company.
Aww, thank you European Commission. Just for that, I am going to authorize your bailout of Greece.
Regardless of what you think, if the EU had nixed it -- not that they really had any reason to -- the acquisition would/could not have gone ahead without conditions they attached to it being met. As has been pointed out above, any country (or group of countries under a common legal umbrella, such as the EU) can sue for antitrust violations for the anticompetitive effects of revenues in their territory (usually, some share or size threshold has to be met). The combined company would face huge fines for revenues generated in the EU if they did not comply.
For example, in the early 2000s, the EU nixed the acquisition of Honeywell (a US company) by GE (a US company), and guess what? The deal was abandoned. http://content.time.com/time/business/article/0,8599,166732,00.html
I think the GE/Honeywell merger fell over for a host of reasons, not because of what some public servant in Brussels thought. What this shows is the euro weenies take it apron the sleeves to spend euros on whether or not two yank companies can merge or not. And they wonder why there their economies are in the toilet. And another example of how the land of the free has fallen, that it puts up with this posturing, because that is all it is.
Read the link is posted. I can give you dozens and dozens that have analyzed the collapse of the deal. Mario Monti's (EU competition commissioner then) response to Jack Welch (GE's CEO then) pretty much killed it. Period.
As opposed to who's economy? Also, you do remember who caused the problems in the worldwide economy?
http://en.wikipedia.org/wiki/Financial_crisis_of_2007–08
"The bursting of the U.S. (United States) housing bubble, which peaked in 2006, caused the values of securities tied to U.S. real estate pricing to plummet, damaging financial institutions globally."
If the US behaved a little more like the EU when it came to regulation, maybe these things wouldn't happen.
And they wonder why there their economies are in the toilet.
As opposed to who's economy? Also, you do remember who caused the problems in the worldwide economy?
http://en.wikipedia.org/wiki/Financial_crisis_of_2007–08
"The bursting of the U.S. (United States) housing bubble, which peaked in 2006, caused the values of securities tied to U.S. real estate pricing to plummet, damaging financial institutions globally."
If the US behaved a little more like the EU when it came to regulation, maybe these things wouldn't happen.
In fairness, the economies of the 'PIGS' countries did go down the toilet, and for almost entirely their own reasons. The US crisis may have nudged it along.
That said, many economies in the EU are doing at least as well as, if not better than, the US: Germany (21% of EU economy), UK (15%), Italy (which has come roaring back, 14%), Scandinavia (7%), most of the Baltic countries.
That said, many economies in the EU are doing at least as well as, if not better than, the US: Germany (21% of EU economy), UK (15%), Italy (which has come roaring back, 14%), Scandinavia (7%), most of the Baltic countries.
Italy roaring back to zero. ;-)
There are very few economies that are really showing any sustainable growth. The US supposedly has 3% growth but it is debatable. The only two counties that come to mind, which have shown substantial growth, are China and Panama at 8% and 7.5% respectively.
Nah.
So they stop selling in the territory until the mental defectives are voted out or they change their minds. Europe has no control over US companies.
If we follow that to its logical conclusion, Apple would be doing business nowhere on earth -- including the US, where it's getting screwed over by the DoJ.
Policing anti-competitive behaviour is the mark of a mental defective now?
Europe has no control over US companies.
In their European operations, sure they do.
Just the usual parochially minded clumsy clowns.
Who needs a world view anyway?
Yep, you still can’t read the English language, which is embarrassing for an Englishman. “Fool me 17 times,” as they say. You know exactly what was written and what it means; there will be no additional clarification for you.
My lame attempt at morphing: "become a drag" > continuing with my play of words and Dre (as in Dr. Dre)
As beats/Apple are really going to pull out one of the biggest markets in the world. That would be mentally defective!
You do business in the EU, you comply to their rules. Like it or not, it's tough. Just like if an EU company does business in the USA.
Which cannot apply to the purchase of an American company by an American company.
Which cannot apply to the purchase of an American company by an American company.
Unless they want to do business in the EU, which Apple and Beats certainly do because it's a huge market.
"Just stop selling there"
Yeah, that's realistic. Thank heavens Apple isn't so ridiculously dogmatic or they wouldn't be selling anywhere.
Yep, you still can’t read the English language, which is embarrassing for an Englishman. “Fool me 17 times,” as they say. You know exactly what was written and what it means; there will be no additional clarification for you.
Of course I know what was written and what it means, you said that there were mental defectives within the EU (I don't deny that, the UK put some of them there) in direct relation to a decision on anti-competitive evaluation. Since the decision went Apple's favour, and I don't think for a second you'd consider that mentally defective, the implication has to be that the very existence of an evaluation means that there are mental defectives. Which is what I responded with. To which, as per normal, you retort with nothing of any substance, just jibes about your critics' reading ability - even though we saw direct evidence in another thread that it's you who don't read posts carefully.
Obviously you're just mouthing off as normal, so I shouldn't bother responding at all, but I do so hate to see your pompous ridiculousness go unchallenged.