I’m currently watching a wonderful new show called “The Marvelous Mrs. Maisel,” on Amazon Prime. It’s a comedy about a recent divorcee in Manhattan in the early 1960s who decides to become a stand-up comedian. As I’m watching the show my thoughts drift to the magnitude of difference between the fictitious Midge Maisel watching Bob Newhart on her 1960s-era television and my present day Sunday night viewing experience.
In the first major transaction approval under Ajit Pai’s Chairmanship, the Federal Communications Commission (“FCC”) recently approved, subject to targeted, transaction-specific conditions, license and authorization transfers in connection with CenturyLink’s $34 billion acquisition of Level 3. The FCC’s recitation of its merger review standard in its order (the “CenturyLink-Level 3 Order”) differed somewhat from the description of the standard used in recent transactions reviewed during the Obama administration. The Commissioners’ separate statements debated whether the new formulation merely clarified the FCC’s existing standard or constituted a substantial alteration of the
Earlier today Margarethe Vestager, the European Competition Commissioner, delivered a speech about Big Data and Competition law. The Commissioner made several key points that emphasize the growing economic and competitive significance of data and data aggregation. More importantly, the Commissioner announces that she will propose a new EU Directive to ensure the consistent application of competition law on big data issues throughout the EU. In particular companies dealing with large volumes of data should closely follow these developments. The speech focuses on three main topics: Data as an asset: the