According to a source familiar with the matter at hand, online retail giant is set to face antitrust charges from the European Commission over its usage of merchant data, said EU’s antitrust chief Margrethe Vestager. The European Commission has been investigating the online retailer’s dual role, of that of a marketplace for merchants as well…
In a significant development, a federal judge said, she was “inclined” to grant Epic Games’ request to block Apple Inc’s move to remove its developer accounts from its App Store saying she saw “no competition” to Apple’s App Store on the iPhone. The development comes in the wake of Epic filing an antitrust lawsuit against…
On Monday, South Korea’s competition watchdog stated, Apple’s Inc South Korean unit has put forwards proposals to address antitrust concerns and has offered $84.02 million (100 billion won) in support programmes to small small businesses, consumers and others. The development comes in the wake of Apple Korea being investigated by the Korea Fair Trade Commission…
As per a Bloomberg report citing sources familiar with the matter at hand the U.S. Federal Trade Commission (FTC) has broadened its scrutiny of Amazon.com Inc beyond its retail operations and now includes its cloud-computing business as well. As per the report, U.S. antitrust enforcers have been asking software companies questions pertaining to Amazon Web…
This interesting turn of events is likely to set a legal precedent especially in critical areas of core IT infrastructure such as 5G. In a significant development, the U.S. Justice Department has asked a federal appeals court to pause the enforcement of a sweeping antitrust ruling against Qualcomm Inc citing support from the Department of…
Spotify, Apple’s rival, has 100 million subscribers. Apple Inc has stated, its online music streaming service has garnered more than 60 million subscribers. Industry leader, Spotify Technology SA, has 100 million premium subscribers. The disclosure made by Apple’s senior vice president of services, Eddy Cue, was confirmed by Apple’s spokesman. Since May 2018, Apple had…
The merger has promise since it could create a Franco-German rail company that will be in a better position to compete with China. According to sources familiar with the matter at hand, Alstom and Siemens have offered to divest one of their high-speed train technology in order to address EU antitrust concerns about their merger…
Telenor has said it is contemplating an appeal in the case. Incidentally, in 2016, Norway’s Competition Authority had considered imposing a fine of 906 million Norwegian crowns, but later dropped parts of the case. On Thursday, Norway’s Competition Authority stated it had imposed a fine of $96.3 million (788 million crowns) on Telenor, the country’s…
Qualcomm is set to use NXP’s assets to diversify its business. According to a South China Monitoring Post report, China’s regulators have approved U.S. chipmaker Qualcomm Inc’s $44 billion merger deal with NXP Semiconductors. According to sources familiar with the matter at hand, the decision by China’s Ministry of Commerce clears a multi-months roadblock which…
The completion of the sale was way ahead of the expected time frame of end-March. Chinese antitrust authorities extensively reviewed the deal before providing its approval. On Friday, Japan’s Toshiba Corp stated, it had completed the $18 billion sale of its NAND memory chip unit to a consortium led by U.S. private equity firm Bain…
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