antitrust

Pelosi Sells 5K Microsoft Shares Ahead Of FTC Antitrust Probe, Marking Her Largest Sell In Years

by
Pelosi Sells 5K Microsoft Shares Ahead Of FTC Antitrust Probe, Marking Her Largest Sell In Years

California Representative Nancy Pelosi’s investment portfolio has returned over 700% since 2014. While the former House Speaker’s husband, Paul, executes the trades, his impressive track record of consistently timing the market has given rise to criticism that Nancy could be sharing confidential market information with him, something the politician has refuted for years. While she … Read more

Microsoft faces wide-ranging US antitrust probe

by
Microsoft faces wide-ranging US antitrust probe

The US Federal Trade Commission has opened a broad antitrust investigation into Microsoft, including of its software licensing and cloud computing businesses, a source familiar with the matter said on Wednesday. The probe was approved by FTC Chair Lina Khan ahead of her likely departure in January. The election of Donald Trump as US president, … Read more

UnitedHealth’s $33B Deal With Hospice Provider Blocked By DOJ

by
UnitedHealth’s B Deal With Hospice Provider Blocked By DOJ

The corporate logo of the UnitedHealth Group appears on the side of one of their office buildings in Santa Ana, California, U.S., April 13, 2020. Reuters / MIKE BLAKE The United States Department of Justice is suing to block UnitedHealth Group’s $3.3 billion acquisition of Amedisys, arguing that it would harm competition. The DOJ claims … Read more

US weighs Google break-up in historic Big Tech antitrust case

by
US weighs Google break-up in historic Big Tech antitrust case

The US Justice Department is considering asking a federal judge to force Google to sell off parts of its business in what would be a historic break-up of one of the world’s biggest tech companies. Antitrust enforcers are weighing a break-up to mitigate the Alphabet business’s dominance in search, the agency said in a court … Read more

Xiaomi wants India’s competition watchdog to recall report on Flipkart over sensitive data

by
Xiaomi wants India’s competition watchdog to recall report on Flipkart over sensitive data

China’s Xiaomi has asked India’s antitrust body to recall its report that found the company and Walmart’s Flipkart breached competition laws, arguing it contains commercial secrets, two people familiar with the matter said. Any recall of the Competition Commission of India report could delay its antitrust investigation, which began in 2021. In a rare move … Read more

Google wins EU ads abuse case, overruling €1.5 billion fine

by
Google wins EU ads abuse case, overruling €1.5 billion fine

Google won a court fight with the European Union over a €1.5 billion (US$1.7 billion) fine for thwarting competition for online ads, partly making up for last week’s crushing defeat in a separate judgment for abusing its monopoly powers. Judges at the EU’s General Court in Luxembourg backed the Alphabet unit’s challenge to a fine … Read more

Google loses court battle over first EU antitrust fine – POLITICO

by
Google loses court battle over first EU antitrust fine – POLITICO

Google was fined in 2017 for how it favored its own shopping search results over rival services. The fine was the first for the company in a slew of EU antitrust investigations, including a probe into advertising technology where the European Commission is weighing a break-up of the company’s businesses. Google is still fighting two … Read more

Oasis fiasco prompts UK Ticketmaster probe – POLITICO

by
Oasis fiasco prompts UK Ticketmaster probe – POLITICO

Dynamic pricing is not illegal, but the Competition and Markets Authority (CMA) said it would look at whether Ticketmaster breached consumer protection laws by not giving people clear information about how tickets would be priced. The regulator has set up a website for Oasis fans to share their experiences. It is also likely to talk … Read more

Alibaba’s antitrust review comes to a close after 3 years of government scrutiny

by
Alibaba’s antitrust review comes to a close after 3 years of government scrutiny

Alibaba’s antitrust review comes to a close after 3 years of government scrutiny China’s market regulator has ended its antitrust review of Alibaba Group Holding and given the group full recognition after fining the e-commerce giant US$2.8 billion in 2021, according to an announcement on Friday. The State Administration for Market Regulation (SAMR), China’s market … Read more

DOJ Sues RealPage, Alleges Harm to Millions of Renters

by
DOJ Sues RealPage, Alleges Harm to Millions of Renters

The U.S. Department of Justice (DOJ) sued RealPage on Friday after a two-year investigation that included an unannounced FBI raid of a national corporate landlord. The DOJ alleged that Richardson, Texas-based RealPage, which sells real estate software, decreased competition among landlords and artificially inflated rents for millions of tenants across the country. “We allege that … Read more