The EU is right to scrutinize small tech acquisitions — but not in detriment of innovation
Just yesterday, Europe’s top competition authority said it would be scrutinizing smaller acquisitions made in the continent by foreign tech giants. The comments, made by Margrethe Vestager, the European Union’s (EU) chief competition officer, come amid an alleged “shopping spree” carried out by American behemoths. Although this appears to be meant to protect the European tech ecosystem, what will the actual effect be on startups and investors in the continent? [Read: Pizza, beer, and ping-pong — why your image of early-stage startups is wrong] Europe has indeed seen its fair share of acquisitions by tech giants in recent years. In 2011,…
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