we wrote that The Competition Appeals Board reverted the Norwegian Competition Authority’s decision to stop DNB’s acquisition of Sbanken. This week they got their second scorching defeat: When Schibsted bought the digital car dealer Nettbil, the Norwegian Competition Authority and The Competition Appeals Board stopped the transaction. They ended up suing the Competition Authority for this decision, and last week won in court
. Lucas Weldeghebriel from Shifter notes that:
“In this case, they reveal that their understanding of digital business models and markets is somewhat limited.”
Some actors are hard to classify. Is Facebook a social media company, a VR-company, an online shopping, dating, donation, advertising, or payment? Is Apple a technology company, an app store, a search-engine
platform, or a payment company?