Press Release: Mergers: Commission approves proposed joint venture between Ericsson and STMicroelectronics

The European Commission approved under the EU Merger Regulation the creation of a joint venture between EMP, the wireless platform business of Ericsson of Sweden, and ST-NXP, the wireless semiconductors business of STMicroelectronics of the Netherlands. The Commission concluded that the transaction would not significantly impede effective competition in the European Economic Area (EEA) or any substantial part of it.