Intel on Wednesday won its fight against a 1.06-billion-euro ($1.2 billion) EU antitrust fine that the U.S. chipmaker was handed 12 years ago for stifling a rival, in a major setback for EU antitrust regulators. The judgment by Europe’s second-top court in support of Intel’s arguments is likely to cheer Alphabet unit Google in its…
Intel Scores Major Win as Court Scraps $1.2 Billion EU Antitrust Fine
US Justice Antitrust Chief Says He’ll Seek to Stop Deals Not Settle
WASHINGTON—The new head of the Justice Department Antitrust Division, Jonathan Kanter, said on Monday the government should seek to stop proposed mergers which pose anticompetitive concerns rather than striking deals for asset sales or other concessions that would allow the transaction to close. “In my view, when the division concludes that a merger is likely…
Google Asks Judge to Dismiss Most of Texas Antitrust Lawsuit
January 22, 2022
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WASHINGTON—Alphabet Inc.’s Google asked a federal judge on Friday to dismiss the majority of an antitrust lawsuit filed by Texas and other states that accused the search giant of abusing its dominance of the online advertising market. Google said in its court filing that the states failed to show that it illegally worked with Facebook,…
US Antitrust Enforcers Plan to Toughen Merger Guidelines
WASHINGTON—U.S. antitrust enforcers announced plans on Tuesday to rewrite merger guidelines in order to better fight illegal deals. The U.S. Justice Department and Federal Trade Commission issued a joint statement saying U.S. industries had become increasingly concentrated and a surge in merger filings in 2020 and 2021 signaled the situation will worsen. In the statement,…
Facebook, Google CEOs Aware of Formal Advertising Market Deal: Court Filing
January 14, 2022
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WASHINGTON—Chief executives of both Google and Facebook were aware of a deal to carve up part of the online advertising market, according to an amended complaint filed by Texas and other states who have filed an antitrust lawsuit against Google. The deal with Facebook, which Google called Jedi Blue, was signed off by Google CEO…
German Watchdog Puts Google Under Closer Antitrust Scrutiny
January 5, 2022
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LONDON—Germany’s antitrust watchdog paved the way Wednesday for extra scrutiny of Google by designating it a company of “paramount significance,” the first to get that label since regulators got more power to curb abusive practices by big digital companies. The Bundeskartellamt said its decision comes after rules were introduced last year that allow it “to…
S&P, IHS to Offload Units Ahead of Merger to Meet Antitrust Conditions
S&P Global and IHS Markit said on Monday they would sell a couple of businesses to satisfy antitrust requirements attached to the $44 billion merger of the financial information providers. S&P Global will sell securities data solutions provider CUSIP Global Services (CGS) to financial data services firm FactSet for $1.93 billion in cash, while IHS…
Apple’s App Store Broke Competition Laws, Dutch Watchdog Says
December 25, 2021
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The Netherlands’ top competition regulator on Friday said Apple Inc. broke the country’s competition laws and ordered changes to the iPhone maker’s App Store payment policies. Apple’s practice of requiring app developers to use its in-app payment system and pay commissions of 15 percent to 30 percent on digital goods purchases has come under scrutiny…
Microsoft’s $16 Billion Nuance Bid Gets EU Antitrust Approval
BRUSSELS—The European Commission on Tuesday granted Microsoft unconditional antitrust approval for its $16 billion bid for artificial intelligence and speech technology company Nuance Communications. The deal is Microsoft’s second biggest after its $26.2 billion LinkedIn purchase in 2016, and would boost its presence in cloud services for healthcare. It has already regulatory approval in the…
UK Antitrust Regulator Looks Into Microsoft’s $16 Billion Nuance Deal
December 13, 2021
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Britain’s antitrust regulator said on Monday it will look into Microsoft Corp.’s $16 billion purchase of artificial intelligence and speech technology firm Nuance Communications Inc. The Competition and Markets Authority (CMA), which has been stepping up its regulation of Big Tech, said it was considering if the deal would result in lesser competition in the…
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