The European Commission, which acts because the competitors enforcer within the 27-country bloc, stated it stopped the clock on Sept. 8, with impact from Aug. 29.
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“This procedure in merger investigations is activated if the parties fail to provide, in a timely fashion, an important piece of information that the Commission has requested from them.”
“Once the missing information is supplied by the parties, the clock is re-started and the deadline for the Commission’s decision is then adjusted accordingly.”
The EU competitors watchdog’s earlier deadline for its determination on the deal was Dec. 13. It has warned Amazon that the deal might cut back competitors in robotic vacuum cleaners and in addition reinforce the U.S. firm’s dominant place as an internet market supplier.
Source: economictimes.indiatimes.com