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Mr. Almunia also said that a settlement in the case did not mean he would not undertake inquiries in other areas that raised competition concerns.
The roughly $600 trillion market is controlled by a small number of players, concentration that has raised competition concerns in recent years.
BLOOMBERG NEWS United Technologies Draws European Scrutiny | The European Commission has raised competition concerns about United Technologies' proposed acquisition of the Goodrich Corporation, Reuters reports.
The European Union said yesterday that the Thomson Corporation's plan to buy the Reuters Group raised competition concerns for the supply of financial information.
The commission warned in April that the deal raised competition concerns but said yesterday that it had concluded that strong growth in the market and the absence of barriers to newcomers would provide sufficient competition for Carnival.
ITV went the other way, up 2.5p to 118.4p, on talk that BSkyB might sell its 17.9% stake after regulators said the shareholding raised competition issues that warranted further investigation.
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For one thing, they are already so big that further mergers would raise competition concerns.
But it raises competition issues – and public policy questions – that are being ignored.
The companies yesterday admitted that regulators are likely to raise competition issues.
Intel meanwhile is moving in the other direction, raising competition fears for Arm.
Yet it raises competition issues, and F.T.C. investigators have reviewed the court documents and talked to Skyhook's chief executive, Ted Morgan.
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