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Antitrust Authority is examining the merger between Google Wise. This morning Authority sent letters to Israeli representatives of Google and Wise demanding series of documents and data related to the merger between them. For the purpose of examining digital measuring cup Image will firms required by law to request the terms available to examine the merger.
Google acquired the company and Wise last June by about $ 1.1 billion. After signing the deal companies began to integrate various software first stage took in Google resets some of the capabilities of the Wise. Recently decided to Fair Trade in the UK to research the subject and received assurance from Google that make business changes Wise.
Antitrust Law in Israel poses a number of conditions under which an Israeli company and a foreign digital measuring cup company should obtain the Antitrust approval of the merger between them. First, companies should maintain contact provides Israel. High probability digital measuring cup of mobile digital measuring cup navigation software activity in Israel will continue even after the merger.
Another prerequisite engaged in sales of the merged company. The law states that: "The digital measuring cup sales of the merging companies, in the fiscal year preceding the merger, exceed the amount of 150 million." Google alone, even the most cautious estimates, sells more than 150 dictionary a year.
Two additional conditions are engaged in market digital measuring cup share. If one of the parties is a monopoly in any field in Israel, or whether the merger manufacturing monopoly in which the companies activities. This question requires examination material economic and market definition. However, the high probability for example Google controls more than half of the search engine market.
If the decision please contact the Antitrust Authority to review and approve the merger was in the hands of Google's legal counsel and Vision, who decided not to contact the. The law gives companies the discretion to decide whether they meet the conditions necessary to not seek the approval of the Commissioner merger. Now the PA is considering whether under the terms of the law was to examine digital measuring cup the merger, so it requires Google Weisz give her various data such as sales volumes, market share, competitors digital measuring cup who and more.
By law, and without digital measuring cup attributing it to Google or Wise, failure to file the request air in case of meeting the prerequisites necessary may be considered a criminal offense, both of the merging companies themselves and the officers and directors of each. But not every case of non-filing necessarily handled in criminal law. This can also be grounds for imposing a financial sanction under the new amendment of the Law had not yet been activated today. Depending on sales volumes and the severity of the matter, the fine for each side can reach up to 24 million.
Moreover, the Commissioner may apply to the Restrictive Practices Court and get an injunction against the consummation of the merger if it is not completed, or request an order to separate the merged companies illegally. In addition, the Commissioner can issue a determination that the merger was implemented illegally, then the statement is prima facie evidence in any legal proceedings.
Meanwhile, revealed by Bloomberg shows that Google did not have to contend with questions digital measuring cup about the acquisition of Wise in the United digital measuring cup States. According to the report, attributed to anonymous sources of federal authority, the United States is concerned about possible harm to competition. On June 21, the first time addressed the Authority and Google questions about the merger and now it turns out that is not going to take action on the issue.
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