On July 31, the European Union’s antitrust regulators sent a formal Statement of Objections to the renowned French luxury fashion house, Pierre Cardin, and its licensee, Ahlers over its distributions and licensing practices. The European Commission’s preliminary view suggests that both entities might have contravened EU antitrust rules through their alleged activities that restricted cross-border […]
Continue Reading
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 […]
Continue Reading
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 […]
Continue Reading
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 […]
Continue Reading
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 […]
Continue Reading
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 […]
Continue Reading
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, […]
Continue Reading
The European Commission has issued a Statement of Objections to Orange and MasMovil, expressing preliminary concerns about their proposed joint venture in Spain. The Commission believes that the merger may lead to a reduction in competition in the retail supply of mobile and fixed internet services, as well as multiple-play bundles. Orange and MasMovil are […]
Continue Reading
The U.S. Federal Trade Commission (FTC) and the Antitrust Division of the Department of Justice (DOJ) have recently unveiled a Notice of Proposed Rulemaking aimed at revising the Hart-Scott-Rodino (HSR) Premerger Notification Form and associated instructions. The proposed changes seek to modernize the information collection process and increase the effectiveness and efficiency of the merger […]
Continue Reading
Adobe’s proposed $20 billion acquisition of cloud-based design platform Figma is facing significant challenges as European Union (EU) antitrust regulators prepare to launch a formal investigation. The move comes amid concerns over potential market consolidation, reduced innovation, and higher prices. EU Antitrust Probe: A Lengthy Investigation According to individuals familiar with the matter, European antitrust […]
Continue Reading