LONDON – Britain’s competition regulator has finally come up with a plan to control Google’s huge search business, but a shift in the political wind in favor of big tech and the money it invests makes it more of a bark than a bite. The Competition and Markets Authority spent years setting up a regime…
A federal judge has strongly rebuked Apple, finding that the iPhone maker willfully violated a court injunction in an antitrust case filed by “Fortnite” maker Epic Games. U.S. District Judge Yvonne Gonzalez Rogers had ordered Apple to lower the barriers protecting its previously exclusive payment system for in-app digital transactions and allow developers to display…
The United States must preserve the ability of our greatest tech companies to compete globally. Joe Biden’s legacy Federal trade Commission (FTC) has commenced its antitrust trial against Meta. Now, the specter of a company breakup, specifically the forced sale of Instagram and WhatsApp, looms large. While its stated goal is to curb monopolistic practices…
Meta Platforms, the parent company of Facebook, Instagram and WhatsApp, is facing off with the Federal Trade Commission on Monday, for Day 1 of a landmark antitrust trial that could result in the tech giant’s breakup. The historic trial will be the first big test of President Trump’s FTC’s ability to challenge Big Tech. The…
I Squared Capital’s potential takeover offer for Hong Kong internet provider HKBN is facing hurdles, as it tries to convince China’s sovereign wealth fund of the merits of the deal and a competing state-backed bidder built a significant stake. Rival suitor China Mobile agreed to acquire a 15.5 per cent holding in HKBN from buyout…
Hong Kong-based port operator CK Hutchison Holdings is reportedly delaying its sale of two ports on opposite sides of the Panama Canal to a U.S.-led consortium. The deal has not been called off, according to a report from the South China Morning Post. The transaction was initially expected to be signed on April 2, according…
Yet another antitrust regulator has taken issue with Apple’s in-app payment system. As Reuters reported Monday (Nov. 25), Brazil’s Cade says Apple must do away with restrictions on payment methods for in-app purchases. The regulator will also proceed with an investigation into a complaint brought two years ago by Latin American eCommerce giant MercadoLibre, accusing Apple of imposing restrictions on the distribution of digital…
The Justice Department is looking to break up one of America’s most powerful companies following a court ruling in September that found Google violated antitrust law. Shares of Google-parent Alphabet plunged over 5% Thursday after prosecutors outlined proposed remedies that would significantly alter how the search giant conducts its business. In September, U.S. District Judge…
Google CEO Sundar Pichai Getty Images Late on Wednesday, the U.S. Department of Justice filed sweeping proposals for remedies in Google’s landmark antitrust case, where a federal judge ruled earlier this year that it has an illegal monopoly in the online search market. Among the marquee requests: Forcing Google to sell off its popular Chrome…
Apple will ask a federal judge on Wednesday to dismiss the U.S. Department of Justice’s case accusing the iPhone maker of unlawfully dominating the smartphone market, in the latest Big Tech antitrust showdown. US District Judge Julien Neals in Newark, New Jersey, is scheduled to hear arguments from lawyers for Apple, and from prosecutors who say the…