Visa Inc’s $5.3 billion acquisition of fintech startup Plaid Inc is facing antitrust scrutiny following the U.S. Justice Department filing a court petition on Tuesday demanding more information on the transaction. The DoJ is reviewing the proposed deal to check whether it violates provisions of antitrust law. It has filed a petition with a U.S. district…
On Monday, South Korean restaurant owners expressed concern over food delivery giant Delivery Hero’s $4 billion planned acquisition of its local rival, Woowa Brothers, subject to regulatory approval. The move could undermine competition and lead to higher fees feel South Korean restaurant owners. In December 2019, Delivery Hero, the second-largest food delivery app operator in…
The EU is not alone in questioning Broadcom’s trade practices: the U.S. Federal Trade Commission is also scrutinizing its business practices. The European Commission is scrutinizing Broadcom Inc’s trade practices over the possible usage of its market dominance to pressure customers to purchase its semiconductors. According to a report from Bloomberg, which cites people familiar…
The potential approval will enable easyJet to pull ahead of its peers, including Lufthansa and Ryanair. On Monday, as per sources familiar with the matter at hand, easyJet, a budget airline from Britain, is set to win an unconditional approval from EU antitrust authorities to buy parts of its German peer, Air Berlin. As a…
The sale is likely to be a prelude for more such divestures which are aimed at reducing its debt. As per sources familiar with the matter at hand, AT&T Inc is exploring options of its Digital Life home security business, which includes sales, as it looks for ways to lower its debt after its $85.4…
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