Binance's acquisition of FTX may require notification to the European Commission

According to ChainCatcher, James Webber, a partner in the antitrust practice at the law firm Shearman & Sterling, revealed that Binance's acquisition of FTX may need to be notified to the European Commission, which is the EU's antitrust authority. This is because if a large company with a turnover exceeding €250 million operates within the EU and engages in a merger, it must notify the European Commission. Even if the turnover does not exceed €250 million, the EU may still obtain jurisdiction over such transactions in some way.

However, a spokesperson for the European Commission stated that no notification regarding Binance's acquisition of FTX has been received, as Binance has only expressed "interest in purchasing." (source link)