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Nixed Deals Show Regulators' Tougher Stance

Some $908 billion of mergers announced last year have fallen apart amid increased oversight by U.S., EU.

By Matt Townsend, Bloomberg | Updated on May 11, 2016

The almost-simultaneous blocking of mergers valued at more than $20 billion in the U.S. and Europe this week signals that government regulators across the globe are showing little tolerance for deals between direct competitors.

The European Union on Wednesday thwarted CK Hutchison Holdings Ltd.’s 10.25 billion pound ($14.8 billion) bid to buy Telefonica SA’s O2 unit in the U.K. to create that country’s biggest mobile carrier. The move came hours after U.S. District Judge Emmet Sullivan in Washington halted the $6.3 billion merger of Staples Inc. and Office Depot Inc.

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