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The UK CMA launches a formal Phase 2 of its review of the Vodafone and Three UK's $19B merger, after finding competition and pricing concerns in Phase 1 (Paul Sawers/TechCrunch) 22-03-2024

Paul Sawers / TechCrunch: The UK CMA launches a formal Phase 2 of its review of the Vodafone and Three UK’s $19B merger, after finding competition and pricing concerns in Phase 1  —  The U.K.’s Competition and Markets Authority (CMA) has confirmed that it’s launching a formal “phase 2” investigation into the planned merger between Vodafone and Three UK. Lees verder op Tech Meme

Meituan reports Q4 revenue up 23% YoY to ~$10.2B and a net income of ~$308.4M, both above estimates, as the food delivery giant plans international expansion (Jane Zhang/Bloomberg) 22-03-2024

Jane Zhang / Bloomberg: Meituan reports Q4 revenue up 23% YoY to ~$10.2B and a net income of ~$308.4M, both above estimates, as the food delivery giant plans international expansion  —  The company reported sales of 73.7 billion yuan ($10.2 billion) in the December quarter, versus the 72.7 billion yuan average projection. Lees verder op Tech Meme

Italy opens a probe into Booking.com, says the website's handling of hotels in its Preferred Partner Programme “seems likely to hinder effective competition” (Giulia Segreti/Reuters) 22-03-2024

Giulia Segreti / Reuters: Italy opens a probe into Booking.com, says the website’s handling of hotels in its Preferred Partner Programme “seems likely to hinder effective competition”  —  Italy’s antitrust has opened a probe into Booking.com (BKNG.O) to establish whether the travel website is in a potential abuse … Lees verder op Tech Meme