antitrust

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Regulators Might Block Amazon&#39;s MGM Buy
Regulators Might Block
Amazon's MGM Buy
THE RUNDOWN
May 26, 2021 2:45 PM CDT

Regulators Might Block Amazon's MGM Buy

Company's size could make acquisition a 'red flag' for antitrust officials

(Newser) - Amazon announced Wednesday that it has reached an $8.45 billion deal to acquire MGM Studios—but before the online giant can declare itself the owner of the James Bond franchise and the rest of MGM's enormous library, antitrust regulators will need to give the deal the green light....

App Store Trial Could Reshape Mobile Market

Apple v. Epic Games had a chaotic start Monday

(Newser) - A court battle that could reshape the market for apps on mobile devices got underway Monday—and the Epic Games v. Apple trial had a chaotic start. The dispute began when Apple kicked Epic's "Fortnite" game off the App Store . A court conference call allowed callers to listen...

Regulators Are Cracking Down on 'China's Amazon'

'A concern would be that market power may potentially morph into political power'

(Newser) - The Chinese government is extremely wary of anything that could pose a challenge to one-party rule—including the growing power of tech giants. Regulators announced Thursday they're cracking down on Alibaba, an e-commerce giant known as "China's Amazon," and its financial services sister company Ant, formerly...

46 State Attorneys General Sue to Break Up Facebook

Social media giant accused of using its dominance to crush the competition

(Newser) - When it comes to taking on Facebook, bipartisanship is alive and well. Attorneys general from 46 states, along with Guam and Washington, DC, filed an antitrust against the social media giant Wednesday, accusing it of using its dominance to crush competition, NPR reports. The lawsuit is being led by New...

Online Giant Faces EU Antitrust Charges

Regulators say Amazon uses other companies' data against them

(Newser) - European Union regulators filed antitrust charges Tuesday against Amazon, accusing the e-commerce giant of using its access to data from companies that sell products on its platform to gain an unfair advantage over them. The charges, filed two years after the bloc's antitrust enforcer began looking into the company,...

US Going After Google in Landmark Case

Justice Department to file an antitrust suit, and implications could be far-flung in tech

(Newser) - The Justice Department is expected to file a lawsuit Tuesday alleging that Google has been abusing its online dominance in online search to stifle competition and harm consumers, per the AP . The Washington Post also has the story, saying it "could have vast implications not only for Google but...

'Emperors of the New Economy' Grilled at Antitrust Hearing

'Simply put, they have too much power'

(Newser) - The CEOs of Amazon, Apple, Facebook, and Google were sworn in remotely Wednesday for a historic antitrust hearing before House lawmakers. Rep. David Cicilline, chairman of the House Judiciary antitrust subcommittee, used his opening statement to accuse the tech giants of damaging the economy through excessive dominance, the New York ...

Big Tech CEOs Head to Congress for Historic Hearing

Apple, Amazon, Facebook, Google on the defense over rising power

(Newser) - Chief executives of Facebook, Google, Apple, and Amazon are set to testify remotely before Congress on Wednesday as part of a hearing focusing on the size and power of the world's leading tech companies, following a yearlong investigation by the House judiciary’s antitrust subcommittee. Facebook CEO Mark Zuckerberg...

House Panel Demands Bezos Himself Come Testify

Judiciary Committee investigating whether Amazon is cheating its own sellers

(Newser) - A recent Wall Street Journal investigation discovered Amazon.com workers had used proprietary data from independent sellers on the site to boost its own competing products, and that probe has now spurred a call to Jeff Bezos himself to appear on Capitol Hill. The Journal reports that the company's...

Nearly Every US State Is Involved in New Google Probe

Antitrust scrutiny of the tech giant is increasing

(Newser) - Fifty US states and territories, led by Texas, on Monday announced an investigation into Google's "potential monopolistic behavior." The announcement closely followed one from a separate group of states Friday that disclosed an investigation into Facebook's market dominance. The two probes widen the antitrust scrutiny of...

DOJ Approves $26.5B Deal. Now, a 'Disruptive Force in Wireless'

T-Mobile greenlit to take over Sprint, while Dish now enters the arena as 4th big wireless company

(Newser) - US regulators are approving T-Mobile's $26.5 billion takeover of rival Sprint, despite fears of higher prices and job cuts. Friday's approval by the Justice Department and five state attorneys general comes after Sprint and T-Mobile agreed to conditions that would set up satellite-TV provider Dish as a...

Justice Department Launches Big Tech Antitrust Probe

Shares in Facebook, Amazon, Google fall

(Newser) - The Department of Justice has opened a sweeping antitrust investigation of big technology companies and whether their online platforms have hurt competition, suppressed innovation, or otherwise harmed consumers. It comes as a growing number of lawmakers have called for stricter regulation or even breaking up the big tech companies, which...

House Plans Sweeping Probe of Tech Giants

Investigation to focus on 'concentration of market power'

(Newser) - Tech giants—including Amazon, Apple, Facebook, and Google—will face a "top-to-bottom" antitrust investigation by the House Judiciary Committee. Rep. David Cicilline, leader of the investigation, said Monday it is aimed at the "tremendous concentration of market power" held by the companies more than it is at individual...

Looks Like Google Is Facing a Major Probe

From none other than the Dept. of Justice

(Newser) - The US Justice Department is readying an investigation of Google's business practices and whether they violate antitrust law, according to news reports, per the AP . The search giant was fined a record $2.72 billion by European regulators in 2017 for abusing its dominance of the online search market....

Divided Supreme Court OKs Lawsuit Against Apple

iPhone users sued over the App Store

(Newser) - A divided Supreme Court ruled Monday that consumers can pursue an antitrust lawsuit that claims Apple has unfairly monopolized the market for the sale of iPhone apps, the AP reports. New Justice Brett Kavanaugh joined the court's four liberals in rejecting a plea from Cupertino, Calif.-based Apple to...

Feds Give Up the Ghost on Standard Oil Breakup

Justice Department wants to drop century-old antitrust efforts

(Newser) - After more than a century, the Justice Department is dropping its effort to break up Standard Oil. A federal court was asked Tuesday to toss out the decree that required John D. Rockefeller to give up control of 37 subsidiaries that helped his company monopolize the oil industry, the Wall ...

Warren: Time to Bust Up Google, Amazon

Presidential candidate is going after the giants of tech

(Newser) - Elizabeth Warren wants a fair playing field in the marketplace—and she's going after Big Tech to make it happen. "To restore the balance of power in our democracy, to promote competition, and to ensure that the next generation of technology innovation is as vibrant as the last,...

A Giant Merger Is Cleared, Despite DOJ Objections

Appeals court blesses AT&T acquisition of Time Warner

(Newser) - A federal appeals court has cleared AT&T's takeover of Time Warner, rejecting a challenge from the Trump administration, per the AP . The ruling by the US Court of Appeals in Washington came Tuesday in the high-stakes case, approving one of the biggest media marriages ever. The appeals court...

Bezos: 'One Day, Amazon Will Fail,' Go Bankrupt

But it's workers' responsibility to 'delay' that demise as long as possible, CEO said

(Newser) - As Amazon prepares to branch out with new headquarters sites in two cities , some employees are concerned what this expansion, and the company's size overall, could ultimately mean for the retailing giant. Their CEO's words on the matter may not be entirely reassuring. "I predict one day...

This $69B Deal May Reshape Health Care as We Know It

Proposed CVS-Aetna merger is approved by the DOJ

(Newser) - On Wednesday, CVS all but "cemented the deal" to buy Aetna for $69 billion, by scoring the Justice Department's preliminary approval of the deal, reports CNBC . With that green light comes a condition: that Aetna complete its plan to unload its Medicare Part D prescription drug plan business,...

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