DOJ antitrust chief touts blocked mergers
Jonathan Cantor, head of the Justice Department’s antitrust division, on Wednesday tore down the department’s track record of blocking mergers in concentrated markets, amid continuing tensions between policymakers and big business as political coalitions rebuild. praised. Cantor, who has overseen the halting of mergers from airlines to book publishing and the first criminal monopoly wins […]
Microsoft to face antitrust charges in Europe over Teams software dominance: report
Microsoft is reportedly facing a new antitrust crackdown by European regulators for allegedly using anticompetitive tactics to power its virtual meeting software, Teams. The European Union’s antitrust watchdog, the European Commission, is planning to file formal antitrust charges against Microsoft. The Financial Times reportedThis was reported by three sources familiar with the matter. The investigation […]
Apollo-Sony bid for Paramount could face antitrust hurdles from feds: sources
Apollo Global Management and Sony’s proposed takeover of Paramount Global Inc. faces significant hurdles in passing through Democratic-led federal regulators amid antitrust concerns, the company learned. Paramount, which closed exclusive merger talks with Skydance Media last Friday, owns the CBS network, its Hollywood studios and 28 local stations, including 17 CBS affiliates in markets such […]
DOJ claims Google deleted chat logs as antitrust case comes to a close
According to reports, the Justice Department claimed that Google implemented a policy during the investigation that encouraged employees to delete chat logs and other discussions about certain business practices. tech spot. The business practices in question relate to revenue sharing agreements and mobile application distribution agreements. Government lawyers said the internal conversations may have revealed […]
Google Defends Its $20 Billion Payoff to Apple in Antitrust Suit Closing Arguments
As the most important antitrust trial in 25 years draws to a close in Washington, Google is making a final stand against the Justice Department’s efforts to break the tech giant’s deadly grip on online search. of financial times report A federal court in Washington began hearing closing arguments in the 10-week trial Thursday. In […]
Google blasted as ‘negligent’ over evidence destruction as landmark DOJ antitrust case wraps up
Closing arguments in a landmark antitrust case that could bring unprecedented changes to the tech giant’s core business concluded Friday, with a federal judge ruling that Google’s “negligent actions led to the deletion of employee chat records.” ” policy. Justice Department lawyers ask Judge Amit Mehta to sanction Google for failing to preserve evidence despite […]
Google grilled in closing arguments of DOJ antitrust case
A federal judge on Thursday slammed a key element of Google’s defense as closing arguments begin in a landmark antitrust case that could upend the company’s online search empire. Judge Amit Mehta is expected to rule later this year on whether Google maintains an illegal monopoly in the online search market, facing stiff competition despite […]
Warren Buffett’s real estate firm pays $250M to settle antitrust
The real estate brokerage firm owned by Warren Buffett’s Berkshire Hathaway announced Friday that it has reached a $250 million settlement in a national antitrust lawsuit that is expected to change the way real estate agents are paid. HomeServices of America, the nation’s largest real estate brokerage, has become the last remaining defendant in a […]
Say goodbye to your iPhone? Maybe, if antitrust regulators have their way
Ten years ago, there was little public interest in antitrust law. For the past four years, the Department of Justice and the Federal Trade Commission have sued Google (Twice), Amazon and Facebook (meta) To dominate key digital markets, including our beloved markets Google search and Amazon’s online superstore. The latest target is Apple’s legendary iPhone. […]
Congressional panels that gutted DOJ antitrust arm have Big Tech ties: watchdogs
Two watchdog groups have warned that key committees in the House and Senate are filled with ties to Big Tech, and conflicts of interest could undermine a looming antitrust crackdown on Google and Apple. Last month, the House and Senate Appropriations Committees were torn by antitrust hawks after passing a spending package that included a […]