China’s Ant Group Slapped With Nearly $1 Billion Fine
Ant Group, the financial-technology company associated with billionaire Jack Ma, was fined by China’s financial regulators, taking the company closer...
Anti-Competition Issues
Elon Musk’s SpaceX Now Has a ‘De Facto’ Monopoly on Rocket Launches
The company’s rockets are ferrying astronauts, launching satellites and dominating any competition. Source link
Meta’s Facebook Faces Fresh Threat to Sending Personalized Ads in EU
The surprise ruling could short-circuit the platform’s legal efforts to protect its ad-based business model on the continent. Source link
Farmers Worry $8.2 Billion Agriculture Deal Will Diminish Competition
Consumer advocates are saying that Bunge’s $8.2 billion agreement to buy Viterra could drive up prices, while Bunge says the...
After Illumina CEO’s Fall, Other Executives Are Expected to Take Hard Look at Deals
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FTC Plans to Seek a Restraining Order to Stop Microsoft From Closing Activision Deal
A judge would need to agree to issue the time-limited order; there is no guarantee when or if the agency...
Illumina CEO Francis deSouza Resigns Amid Regulatory Hurdles, Proxy Fight
Activist investor Carl Icahn has signaled he wants former CEO Jay Flatley to return to gene-sequencing test maker. Source link
FTC Moves to Block Amgen’s $27.8 Billion Deal for Horizon Therapeutics
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Microsoft’s $75 Billion Activision Blizzard Deal Gets EU Approval
The decision comes weeks after the U.K. regulator rejected the agreement, saying it would crimp competition in the country’s gaming...
DOJ Settles Antitrust Case, Clearing Way for Assa Abloy Deal
The Swedish lockmaker has agreed to sell some of its brands to another company. Source link
Apple Wins Appeal in App Store Case Brought by Fortnite Maker Epic Games
A federal appeals court upheld a ruling that mostly sided with Apple on App Store policies. Source link
A Supermarket Megamerger Will Redefine What You Buy at the Grocery Store
Kroger and Albertsons want to merge in a $20 billion deal. If antitrust regulators approve, the definition of a grocery...
Justice Department Sues to Block JetBlue From Buying Spirit Airlines
BusinessComplaint alleges the deal would eliminate Spirit as a low-cost competitor to major carriers Source link
JetBlue, Spirit Brace for Justice Department Lawsuit to Block Airlines’ Merger
The airlines’ CEOs say combining their operations will ultimately benefit consumers. Source link
Microsoft Responds to FTC Suit Over Activision Deal
The software giant filed court documents opposing claims that the $75 billion transaction would harm competition in the videogame industry....
FTC’s Tussle With Microsoft Puts Spotlight on Cloud Gaming
TechWhile cloud gaming is a small part of the videogame market, industry participants expect it to become more influential Source...
FTC’s Move to Block Microsoft’s Deal for Activision Blizzard Came Despite Charm Offensive
TechThe software giant has said it wouldn’t block rivals from Activision games, but the agency says Microsoft had reneged on...
Penguin Random House CEO Resigns Weeks After Simon & Schuster Deal Was Blocked
BusinessMedia & MarketingMarkus Dohle had testified a merger between the two publishing giants would benefit consumers and authors, but antitrust...
FTC Sues to Block Microsoft’s Acquisition of Activision Blizzard
The antitrust enforcer sued Microsoft to prevent its planned $75 billion deal for Activision Blizzard, taking one of its biggest...
Microsoft Pledges to Put ‘Call of Duty’ on Nintendo Switch If Activision Deal Is Approved
TechThe move is the software giant’s latest concession aimed at convincing antitrust regulators in the U.S. and abroad to sign...
