FTC, state AGs sue to block Kroger-Albertsons merger
The Federal Trade Commission (FTC) says Kroger’s $24.6 billion supermarket merger proposal could stifle competition, lead to higher prices and harm workers. The company filed a lawsuit seeking an injunction against the acquisition of Sons. Nine bipartisan attorneys general from Arizona, California, the District of Columbia, Illinois, Maryland, Nevada, New Mexico, Oregon, and Wyoming joined […]
Democrats urge Biden administration to block Capital One, Discover merger
Several Democratic lawmakers on Sunday urged the Biden administration to block the planned merger of Capital One and Discover Financial Services, saying it would consolidate the credit card market and limit consumer choice. Sen. Elizabeth Warren (D-Mass.) and 12 House Democrats said the $35.3 billion merger would elevate Capital One from its status as the […]
AT&T’s outage nightmare, Nvidia smashes records, Capital One-Discover merger
The president of Yardeni Research gave his views on the easing of pessimism in the stock market, saying that the economy is “very resilient” in terms of “making money”. — Nationwide cell phone outage caused by AT&T leaves customers without their phones. — Nvidia leads Dow, S&P 500 and Nasdaq to break records — Capital […]
Capital One-Discover merger could put a bigger squeeze on credit card users, experts warn – NBC News
capital ones $35.3 billion acquisition deal Discover is far from complete. But consumer advocates and some lawmakers are already raising questions about how the proposed merger could affect credit card users, many of whom already have high interest rates. and under pressure from record debt. Sen. Elizabeth Warren (D-Massachusetts) has long supported stronger financial regulation. […]
Democrats blast ‘dangerous’ Capital One-Discover merger
The proposed merger between Capital One and Discover quickly drew pushback from some Democratic lawmakers and consumer advocacy groups, who argued that the partnership could reduce competition and increase rates and costs for consumers. . Senate Banking Committee Chairman Sherrod Brown (D-Ohio) said, “When it comes to mergers of this size, regulators need to do […]
SEC approves Truth Social, Digital World merger
The Securities and Exchange Commission (SEC) has approved a merger between former President Trump’s media startup and a blank check company seeking to take his platform, Truth Social, public. Digital World Acquisition Corporation (DWAC) announced Wednesday that its registration statement for its merger with Trump Media & Technology Group (TMTG) has been declared effective. The […]
Samsung chief Jay Y. Lee found not guilty in controversial 2015 merger case
James Fishler, Senior Vice President of Samsung Electronics America, announced the company’s latest products on “The Claman Countdown.” Samsung Electronics Chairman J.Y. Lee was acquitted Monday of charges of accounting fraud and stock price manipulation in a court in Seoul, South Korea. The case was related to a 2015 merger that prosecutors said was aimed […]
Joe Biden’s antitrust halt of PGA-LIV merger is just par for the course
For those who love professional golf and want to see the best players play against each other every week, you better hope Donald Trump becomes the next president. It’s not just because the former president loves golf. That’s because the type of regulatory structure he would put in place if elected is a free-market type […]
Biden Regulators Say They’re ‘Pleased’ By Merger Block That Gutted US Company
Following the recent announcement that Amazon and iRobot have terminated their $1.4 billion merger agreement, Nathan Soderstrom, associate director of merger analysis at the Federal Trade Commission (FTC), issued a statement stating that Biden regulations The authorities expressed their pleasure at the disbandment. “We are pleased that Amazon and iRobot have abandoned the proposed transaction…The […]
PGA Tour gets $3B payday with LIV Golf merger questions still looming
Saudi-backed LIV Golf shocks the world After months of speculation and questions about the future of professional golf, the PGA Tour announced Wednesday that Strategic, a group of billionaire sports team owners, announced that it has finalized an agreement with the sports group. It invested about $3 billion in a new for-profit entity, PGA Tour […]