The Federal Trade Commission (FTC) has taken a significant step in its efforts to regulate and scrutinize the practices of tech giant Amazon. In a groundbreaking move, the FTC has filed a lawsuit against Amazon, accusing the company of engaging in deceptive tactics to enroll consumers in its Prime service without their consent and making […]
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NVIDIA is the first company in the semiconductor sector to reach a valuation of $1 trillion. While the company owes its success partly to the promising prospects of generative AI, the Microsoft-Activision deal may help the company growing in the gaming sector. Although NVIDIA’s gaming revenue for fiscal year 2023 experienced a decline of 27% […]
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In a significant setback for Microsoft’s ambitious $75 billion acquisition of Activision Blizzard, a US federal judge has temporarily blocked the deal in response to a request from the Federal Trade Commission (FTC). The move comes as the FTC pursues a legal challenge against the acquisition, citing concerns about potential anticompetitive practices and a breach […]
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Microsoft’s $75 billion Activision deal is facing significant hurdles in both the UK and the US. In these jurisdictions, the companies need to win in the courtrooms if they want to close the deal. The interpretation of the remedies pertaining to the distribution of cloud gaming services could change the fate of the deal. Rationale […]
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In a significant development for the payment card industry, the Federal Trade Commission (FTC) has granted its final approval to a consent order mandating that Mastercard discontinue its practice of obstructing the use of competing debit payment networks. The FTC’s investigation into Mastercard stemmed from allegations that the company employed unlawful business tactics to coerce […]
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The European Commission has granted approval for Microsoft’s $75 billion acquisition of Activision Blizzard. The approval is contingent upon Microsoft’s full compliance with the commitments offered. According to the EU regulator, these commitments address the competition concerns and present a substantial improvement for cloud gaming compared to the current state. EU’s officials took a different […]
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The Federal Trade Commission finally has the power to move forward with its progressive enforcement and policy agenda after the Senate confirmed President Joe Biden’s nominee to the fifth commissioner seat Wednesday, CNBC reported. The Senate voted to confirm Alvaro Bedoya 51-50, with Vice President Kamala Harris casting the tie-breaking vote. The vote breaks a […]
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Broadcom may be under scrutiny from the US Federal Trade Commission following complaints it is forcing exclusive agreements with customers
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The Department of Justice’s (DOJ) Jonathan Kanter warned that the department will seek to block deals that are “likely to lessen competition” rather than pursuing complex settlements. The warning came in one of his first speeches as head of the DOJ antitrust division at the New York State Bar Association. Kanter noted that antitrust law enforcement has […]
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