The Federal Trade Commission on Thursday sued Microsoft Corp. to block its $69 billion deal to buy Activision Blizzard Inc. The acquisition, which would be Microsoft’s MSFT, +0.83% largest and Read more
Tag: Anti-Competition Issues
EU to deeper investigate Microsoft’s $75 billion deal for Activision Blizzard
The European Union’s competition watchdog said it would pursue an in-depth investigation into Microsoft Corp. MSFT, +0.28%’s planned $75 billion acquisition of Activision Blizzard Inc. ATVI, +1.49%, adding to the global scrutiny of whether the Read more
Judge blocks Penguin Random House from buying Simon & Schuster over antitrust concerns
A federal judge on Monday blocked Penguin Random House from acquiring rival book publisher Simon & Schuster for about $2.18 billion, agreeing with the Justice Department that the planned merger Read more
Opinion: American democracy was broken long before the MAGA zealots denied the election and stormed the Capitol
PRINCETON, N.J. (Project Syndicate) – The current mainstream narrative in the United States holds that democracy is under threat from MAGA zealots, election deniers, and Republicans who are threatening to Read more
Federal antitrust probe of professional golf includes Masters host Augusta National Golf Club, U.S. Golf Association and PGA Tour: sources
The Justice Department’s antitrust investigation into professional golf includes the powerhouse bodies Augusta National Golf Club and the United States Golf Association, in addition to the PGA Tour, according to Read more
Rexel probe, Schneider Electric and Legrand indicted after French pricing probe
Rexel SA said Friday that one of its business units has been placed under formal investigation for an alleged breach of French competition rules governing prices. The company RXL, -1.66% Read more
Opinion: Amazon’s business model is inhumane and unsustainable
With Britain suffering through its worst cost-of-living crisis in decades—owing to high inflation and soaring energy prices—hundreds of workers at an Amazon AMZN, -1.57% warehouse in Coventry, England, this month demanded a wage hike. Read more
Federal regulators look to update bank-merger rules amid fintech challenge
Federal bank regulators continue to signal they’re on a path to update bank-merger guidelines that have been in place since 1995 in light of how the competitive marketplace has changed Read more
Hurricane Ian spurs Florida to activate price gouging hotline as Biden, DeSantis declare state of emergency
Florida is expanding its price gouging hotline as the Sunshine State braces for Hurricane Ian, which could strike as a Category 4 storm. The strengthening tropical storm was upgraded to Read more
Opinion: Expecting the Fed to solve inflation on its own ignores important root causes that the Fed can’t touch
In response to continuing core inflation, the Federal Reserve raised the federal funds rate by 75 basis points during this week’s meeting of the Federal Open Market Committee. This will Read more