The authors discuss the differing conclusions of the U.S. and U.K. courts in the proposed Sabre/Farelogix merger in this Journal of European Competition Law & Practice article.
On November 14, 2018, Sabre Corporation announced that it had reached an agreement to acquire Farelogix Inc. for USD360 million. On August 20, 2019, the U.S. Department of Justice (DOJ) filed a civil antitrust lawsuit seeking to block the transaction. The U.K.’s Competition and Markets Authority (CMA) continued its review of the proposed transaction.
Following a two-week trial in 2020, the U.S. District Court for the District of Delaware issued its opinion, denying the DOJ’s request to block the merger. Shortly thereafter, the CMA issued its final report, detailing its decision to prohibit the deal. The parties then abandoned the transaction, citing the CMA’s decision.
The Delaware District Court and the CMA arrived at different conclusions despite agreeing on several key facts. In this article, authors Kostis Hatzitaskos and Brad Howells of Cornerstone Research and Professor Aviv Nevo of The Wharton School discuss the following:
This article was originally published by the Journal of European Competition Law & Practice in June 2021.
The views expressed herein do not necessarily represent the views of Cornerstone Research.