Pity the dealmakers.
While 2018 is on track to be a banner year for global M&A, about $1.3 trillion of deals have fallen through, according to data compiled by Bloomberg. Close to 900 transactions have been terminated or withdrawn this year, including Allergan Plc’s pursuit of Shire Plc, and Qualcomm Inc.’s takeover of NXP Semiconductors NV.
A report released this week has just identified a new scapegoat for busted deals: the European Union’s General Data Protection Regulation. Rolled out this year, the GDPR forces companies to clearly state when they’re collecting personal data and ask for users’ consent.
Its implementation ...
Learn more about Bloomberg Law or Log In to keep reading:
Learn About Bloomberg Law
AI-powered legal analytics, workflow tools and premium legal & business news.
Already a subscriber?
Log in to keep reading or access research tools.