Search Results for: antitrust

The UK Competition & Markets Authority (CMA) Wednesday announced the provisional findings of its investigation regarding Microsoft’s intended $68.7 billion purchase of Activision Blizzard. The sale could increase Microsoft’s market share of cloud gaming, and Microsoft products already account for an estimated 60 to 70 percent of the global cloud gaming market. The CMA concluded [...]

The US Department of Justice (DOJ) Tuesday filed a federal antitrust complaint against Google LLC, which alleged that Google’s monopolization of “multiple digital advertising technology products” violated Section 1 and Section 2 of the Sherman Act. The DOJ’s 153-page complaint alleged that Google abused its monopoly power regarding its ad tech products, which disadvantaged other website [...]

Private video game consumers Tuesday filed an antitrust lawsuit against Microsoft alleging the company’s intended purchase of Activision Blizzard, Inc., the maker of popular video game “Call of Duty,” for $68.7 billion creates a monopoly within the video game industry. Specifically, the lawsuit alleges that Microsoft violated Section 7 of the Clayton Antitrust Act (15 [...]

The US District Court for the Northern District of Illinois Monday denied a motion brought by turkey suppliers Butterball LLC, Cargill, Inc. and Perdue Farms, Inc. to dismiss an antitrust lawsuit brought by a group of plaintiffs including supermarket company Winn-Dixie. The companies control about 80 percent of the American wholesale turkey market. The plaintiffs [...]

The US Supreme Court Monday heard oral arguments in Axon Enterprise, Inc. V FTC . The court will decide the scope of the Federal Trade Commission‘s (FTC) enforcement powers, whether claims can be reviewed by district courts prior to the completion of agency proceedings and whether the power of courts of appeals to “affirm, enforce, [...]

The US District Court for the District of Columbia Monday blocked Penguin Random House’s proposed $2.2 billion acquisition of Simon & Schuster on the grounds that the consolidation would substantially reduce competition in the publishing market. Judge Florence Y. Pan found that the US government demonstrated that “‘the effect of may be substantially to lessen [...]

Spanish anitrust agency Comisión Nacional de los Mercados y la Compentencia (CNMC) Tuesday fined US pharmaceutical company Merck Sharp and Dohme (MSD) 39 million euros for abuse of the market. The agency claims that MSD took unjustified legal action against its Spanish competitor Insud Phrama under the false pretense of protecting its patent. According to [...]

A £900 million antitrust lawsuit against online retail giant Amazon is set to be filed in the UK later this month, a law firm announced Thursday. This is the latest antitrust lawsuit in a string of recent suits targeting Big Tech. The lawsuit was announced in a statement by international law firm Hausfeld & Co LLP. [...]

California Attorney General Rob Bonta Wednesday filed an antitrust lawsuit against ecommerce company Amazon, accusing the company of stifling competition and creating artificial pricing floors. The 84-page complaint was filed in San Francisco Superior Court and argues that Amazon’s anticompetitive practices are in violation of California’s Unfair Competition Law and Cartwright Act. The lawsuit mirrors [...]

The European Commission (EC) Tuesday announced its decision to prohibit US biotechnology company Illumina’s acquisition of the cancer-test provider GRAIL, citing concerns on the takeover’s impact on competition in the market. The Commission opened an in-depth investigation into the proposed acquisition last July, citing concerns that Illumina could engage in vertical input foreclosure strategies considering [...]