Spirit Airlines, the target of a budget airline bidding war, is postponing a Friday shareholder vote on whether to accept one of those buyout offers after a flurry of counter-proposals from Frontier Airlines and JetBlue. The decision to postpone a vote comes two days after JetBlue improved its offer. Spirit said Wednesday that has rescheduled…
Google Urges Court to Scrap $1.6 Billion EU Antitrust Fine
BRUSSELS—Alphabet unit Google on Monday urged Europe’s second-highest court to dismiss a 1.49-billion-euro ($1.6 billion) fine imposed by EU antitrust regulators three years ago for hindering rivals in online search advertising. The case is one of three that has resulted in a total of 8.25 billion euros in European Union antitrust fines on the world’s…
Deal on Rules Forcing Tech Giants to Police Content Possible in April, EU’s Vestager Says
BRUSSELS—A deal between EU countries and EU lawmakers that would require tech giants to do more to police content on their platforms could be agreed next month, EU antitrust chief Margrethe Vestager said on Monday. Vestager proposed the Digital Services Act, (DSA) which forces tech giants to do more to tackle illegal content or risk…
US Court Dismisses DC Antitrust Lawsuit Against Amazon
A U.S. court dismissed a lawsuit against Amazon.com Inc. on Friday that accused the company of antitrust violations for barring third-party sellers from offering better deals for their products elsewhere. Judge Hiram Puig-Lugo of the Superior Court of the District of Columbia granted Amazon’s motion to dismiss the complaint filed last year by Washington attorney…
Amazon Wins EU Antitrust Nod for $8.5 Billion MGM Deal
BRUSSELS—Amazon on Tuesday gained unconditional EU antitrust approval for its proposed $8.5 billion acquisition of U.S. movie studio MGM to help it to compete with streaming rivals Netflix and Disney+. The European Commission said the deal would not pose competition concerns in Europe, confirming a Reuters story on March 9. The EU competition enforcer said…
Lockheed Scraps $4.4 Billion Deal to Buy Aerojet Amid Regulatory Roadblocks
U.S. arms maker Lockheed Martin Corp called off plans on Sunday to acquire rocket engine maker Aerojet Rocketdyne Holdings Inc for $4.4 billion amid opposition from U.S. antitrust enforcers. The Federal Trade Commission sued to block the deal in late-January on the grounds that it would allow Lockheed to use its control of Aerojet to…
Apple Given Fourth Dutch Fine in App Store Dispute
February 14, 2022
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AMSTERDAM—The Dutch antitrust watchdog fined Apple 5 million euros ($5.7 million) on Monday, its fourth such fine for failing to allow software application makers in the Netherlands to use non-Apple payment methods for dating apps on the App Store. The Authority for Consumers and Markets (ACM) has been levying weekly fines of 5 million euros…
Kara Frederick: Big Tech Totalitarianism and America’s Emerging Social Credit System
February 12, 2022
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“It’s not just social media companies or your right to be on Twitter, your right to be on Facebook. It’s everything. Email delivery services, online fundraising platforms … It’s every aspect of your digital life,” says Heritage Foundation research fellow Kara Frederick. From Twitter to GoFundMe, digital platforms have shut down accounts, fundraisers, or online…
AT&T’s $43 Billion Plan to Merge WarnerMedia Unit With Discovery Is Given US Antitrust Clearance
February 10, 2022
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The U.S. Department of Justice on Wednesday approved AT&T’s $43 billion plan to merge its WarnerMedia unit with Discovery, the companies announced on Wednesday in a Securities and Exchange Commission filing. According to the filing (pdf), which was first obtained by TheWrap, Discovery and AT&T have “satisfied the closing condition” in the merger plan, which was initially announced on May 17,…
Austrian Antitrust Court Gives Green Light to Facebook’s Giphy Deal
February 7, 2022
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VIENNA—An antitrust court in Austria on Monday approved with conditions Facebook’s purchase of animated images platform Giphy, in a boost for the social media giant after a UK watchdog said the deal should be reversed. Facebook bought Giphy, a website for making and sharing GIFs, a type of animated image used often in social media…
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