MILAN—Italy’s antitrust watchdog said on Thursday it had fined Amazon 1.13 billion euros ($1.28 billion) for alleged abuse of market dominance, in one of the biggest penalties imposed on a U.S. tech giant in Europe. Amazon said it “strongly disagreed” with the Italian regulator’s decision and would appeal. Global regulatory scrutiny of tech giants has…
Italy Fines Amazon Record $1.3 Billion for Abuse of Market Dominance
December 9, 2021
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Italy’s Antitrust Regulator Fines Google, Apple Over Data Use
November 26, 2021
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ROME—Italy’s antitrust regulator has fined Alphabet’s Google and iPhone maker Apple 10 million euros ($11.2 million) each for “aggressive practices” linked to the commercial use of user data. The authority said in statement the two tech groups did not provide “clear and immediate information” on how they collect and use the data of those who…
US Justice Department Files Lawsuit to Stop Sugar Merger
November 24, 2021
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WASHINGTON—The U.S. Justice Department said on Tuesday it had filed an antitrust lawsuit aimed at blocking U.S. Sugar Corp from buying rival Imperial Sugar Co. The deal, if it goes forward, would mean that just two companies have the “overwhelming majority” of refined sugar sales in the U.S. Southeast, the department said, which could drive…
Amazon and Apple Handed $225 Million in Italian Antitrust Fines
November 23, 2021
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MILAN—Italy’s antitrust authority has fined U.S. tech giants Amazon.com and Apple Inc. a total of more than 200 million euros ($225 million) for alleged anti-competitive cooperation in the sale of Apple and Beats products. Contractual provisions of a 2018 agreement between the companies meant only selected resellers were allowed to sell Apple and Beats products…
Senate Confirms Biden’s Pick to Head DOJ Antitrust Division
The Senate voted 68-29 on Tuesday evening to confirm President Joe Biden’s nominee to lead the antitrust division of the Department of Justice. Once sworn in, Jonathan Kanter will replace Acting Assistant Attorney General Richard Powers, who has led the Antitrust Division since February. Biden had previously installed prominent antitrust expert Tim Wu to lead…
India Court Orders Antitrust Body to Rule on Amazon–Future Dispute Within 2 Weeks
NEW DELHI—An Indian court ruled on Tuesday that the country’s antitrust body has two weeks to decide whether Amazon misled authorities while seeking approval for a 2019 deal with India’s Future Group, a group of Indian retailers said. The Confederation of All India Traders (CAIT) said in a statement it had filed the case to…
US States File Updated Antitrust Complaint Against Alphabet’s Google
WASHINGTON—A group of U.S. states led by Texas have filed an amended complaint against Alphabet Inc.’s Google, accusing the tech giant of using coercive tactics and breaking antitrust laws in its efforts to boost its already-dominant advertising business. The updated allegations are the latest in an onslaught of regulatory scrutiny of Google over its practices….
S&P Global, IHS Win US Antitrust Approval for $44 Billion Deal With Conditions
WASHINGTON—Business information provider S&P Global Inc. and IHS Markit Ltd have won U.S. antitrust approval for their planned merger, on condition it sells some businesses and scraps a non-compete agreement with GasBuddy, the Justice Department said in a statement. The $44 billion deal was initially announced in November 2020. To win approval for the deal,…
Google Loses Challenge Against EU Antitrust Ruling, $2.8-Billion Fine
November 10, 2021
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LUXEMBOURG—Alphabet unit Google lost an appeal to a 2.42-billion-euro ($2.8-billion) European antitrust decision on Wednesday, a major win for the bloc’s competition chief Margrethe Vestager in the first of three court rulings that will strengthen the EU’s push to regulate Big Tech. Vestager sanctioned the world’s most popular Internet search engine in 2017 for favoring…
US Judge Denies Apple’s Request to Pause Antitrust Orders in ‘Fortnite’ Case
November 10, 2021
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A U.S. judge denied on Tuesday Apple Inc.’s request to pause a set of orders handed down after an antitrust lawsuit brought by ‘Fortnite’ creator Epic Games. Apple had sought to pause an order that would require it to permit buttons, links, and in-app messages about ways to pay for apps without using its own…
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