Spain’s antitrust watchdog, known as the CNMC, levied substantial fines on global tech giants Amazon and Apple. The regulatory authority found evidence of collusive behavior between the two companies, specifically in relation to limiting the online sale of Apple devices and stifling competition in Spain’s electronic device market. The CNMC’s investigation revealed that the contracts […]
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Last week, Fidelity National Services (FIS) agreed to sell a majority stake in its Worldpay business to private equity funds managed by GTCR in a deal that values the merchant payments at $18.5 billion. However, just 4 years ago, FIS acquired Worldpay for more than $30 billion with the intention to revolutionize the industry, but […]
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In a move to address antitrust concerns surrounding its proposed buyout by Intercontinental Exchange (ICE), U.S. mortgage data vendor Black Knight has announced the sale of its Optimal Blue business for $700 million. The decision comes as the Federal Trade Commission (FTC) scrutinizes ICE’s $11.7 billion deal for Black Knight, expressing worries that the acquisition […]
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Italy’s Antitrust Authority AGCM has fined eToro Europe 1.3 million euros for allegedly misleading consumers about the cost of its services. The decision comes as the regulator has increased its scrutiny across various sectors in recent times. The Italian Competition Authority launched an investigation into eToro, leading to this penalty being imposed on the European […]
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Google has lodged a complaint against India’s antitrust regulatory body, accusing it of ordering changes to Google’s business model to protect its rival, Amazon. Legal papers reveal that Amazon claimed Google’s restrictions hindered the development of its customized Android system, Fire OS. Google has sought to reverse the Competition Commission of India’s (CCI) October 2022 […]
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The European Commission has initiated an extensive antitrust investigation into Amazon’s proposed acquisition of iRobot, a leading smart vacuum manufacturer. This move by the European Union (EU) comes after the United Kingdom’s antitrust regulator approved the acquisition, highlighting the divergent views on the potential impact of the deal. The investigation aims to evaluate whether the […]
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In a significant ruling, the European Court of Justice (CJEU) has affirmed the power of antitrust authorities to investigate privacy breaches, thereby delivering a blow to Meta Platforms, the parent company of Facebook, Instagram, and WhatsApp. The decision grants antitrust regulators greater leeway in scrutinizing Big Tech firms, potentially shaping the future landscape of data […]
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The U.K will likely open an in-depth review of Adobe’s $20 billion bid for rival Figma and EU regulators may do the same on August 7 after the phase I merger review deadline. Antitrust regulators’ concerns focused on the market for screen design software. Rationale of the deal Adobe, as the leading player in digital […]
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Microsoft may soon be confronted with an antitrust investigation by the European Union (EU) as discussions with the EU watchdog to resolve the issue have hit an impasse. This development follows a complaint lodged by Salesforce-owned workspace messaging app Slack in 2020. The complaint alleges that Microsoft unfairly integrated its workplace chat and video app, […]
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The Federal Trade Commission (FTC) has recently announced the final version of its updated Endorsement Guides, aimed at providing comprehensive guidance to businesses and individuals to ensure the use of truthful advertising practices. With the advent of new marketing channels such as social media and online reviews, the revised Guides address emerging market trends and […]
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