Oct 25, 12:15 AM

New York AG Letitia James Probes Capital One's $35.3 Billion Acquisition of Discover for Antitrust Violations

New York Attorney General Letitia James is investigating Capital One's proposed $35 billion acquisition of Discover Financial Services. The investigation, which aligns with federal regulators, is focused on potential violations of antitrust laws and the significant impact the deal could have on consumers in the state. This inquiry follows a subpoena petition that raises concerns about the merger's legality under New York's antitrust regulations. In a related development, the UK's Competition and Markets Authority has opened a phase one merger probe into Synopsys Inc.'s $34 billion acquisition of Ansys Inc., citing competition concerns regarding the deal.

#New York #Letitia James #Capital One #Discover Financial Services #UK #Competition and Markets Authority

Written with ChatGPT (GPT-4o mini).

Sources

ABA Antitrust Law Section@abaantitrust
1 year ago
[ABA Antitrust Daily Digest] Synopsys Inc.’s $34 billion takeover of software developer Ansys Inc. will be investigated by the UK ’s antitrust watchdog amid potential competition concerns over the all-American deal. https://t.co/hMehC1Rn2p @BLaw
Bloomberg@business
1 year ago
In today's Bloomberg Deals: Houlihan bankers eye better environment for tech M&A, Quikrete makes Summit Materials approach and Synopsys-Ansys gets UK probe https://t.co/PfdoqCHSuv
Techmeme@Techmeme
1 year ago
The UK CMA opens a phase one merger probe into chip designer Synopsys' $35B takeover of 3D design software maker Ansys due to competition concerns (@kathgemm / Bloomberg) https://t.co/60HH7zr1M3 📫 Subscribe: https://t.co/OyWeKSRpIM https://t.co/NWvhNCa6tc

New York AG Letitia James Probes Capital One's $35.3 Billion Acquisition of Discover for Antitrust Violations

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