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Jul 20, 2023 | 
pymnts.com | Jan Krämer |Thomas Höppner |Kenneth C. Wilbur |Sean Ennis
Twitter has issued a subpoena for Sen. Elizabeth Warren (D-Mass.) regarding her communications with the Federal Trade Commission (FTC) and the Securities and Exchange Commission (SEC). The purpose of the subpoena is to challenge a recent consent order related to data breaches. According to Reuters, this development follows Twitter CEO Elon Musk's purchase of the popular social media platform in October.
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Jul 20, 2023 | 
pymnts.com | Jan Krämer |Thomas Höppner |Kenneth C. Wilbur |Sean Ennis
TikTok, the popular video-sharing platform, is rolling out its Research API software across Europe, with an eye on the new EU Digital Services Act (DSA) due to come into effect in August. The Chinese technology conglomerate ByteDance, which owns TikTok, had initially waited for the European Commission to lay out the technical requirements for their data before making the change. However, keen to stay ahead of the game, they decided to go ahead anyway.
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Jul 20, 2023 | 
pymnts.com | Jan Krämer |Thomas Höppner |Kenneth C. Wilbur |Sean Ennis
German company Alfaview has challenged Microsoft in the latest antitrust complaint against the US tech giant in Europe. On Thursday, the German firm voiced concerns at the bundling of Microsoft Teams with Office, arguing it gives Microsoft an unfair competitive advantage.
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Jul 19, 2023 | 
pymnts.com | Jan Krämer |Thomas Höppner |Kenneth C. Wilbur |Sean Ennis
Italy's antitrust authority is investigating ticketing operations at the Colosseum and other ancient sites in the capital following reports of difficulties in buying tickets via the official website. The investigation centers around the official vendor, Società Cooperativa Culture (CoopCulture), and four tour companies—Musement, GetYourGuide, Tiqets, and Viator—which visitors accuse of buying tickets in bulk via automated systems and reselling them at inflated prices.
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Jul 19, 2023 | 
pymnts.com | Jan Krämer |Thomas Höppner |Kenneth C. Wilbur |Sean Ennis
Sidley Austin LLP has added Vadim Brusser as a Partner in its growing Antitrust practice in Washington, D.C. Vadim specializes in merger clearance work for private equity clients and corporate clients. He brings nearly 15 years of experience in federal antitrust enforcement to the role.
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Jul 19, 2023 | 
pymnts.com | Jan Krämer |Thomas Höppner |Kenneth C. Wilbur |Sean Ennis
By: Michal Gal (ProMarket/University of Haifa)Over the past years, our understanding of algorithmic harms in the marketplace has made significant strides. Nowadays, there is widespread consensus that algorithms not only have the potential to aid firms in establishing cartels but also possess the ability to independently learn and coordinate prices at supra-competitive levels, a phenomenon known as algorithmic coordination.
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Jul 19, 2023 | 
pymnts.com | Jan Krämer |Thomas Höppner |Kenneth C. Wilbur |Sean Ennis
Newmont Corporation has been given the green light to go ahead with its ambitious $28.8 billion takeover of Newcrest Mining. This was made possible after the Canadian Competition Bureau (CCB) issued the company with a ‘no action’ letter, allowing the merger to go ahead under Canadian law. This momentous move will result in Newmont, the world’s largest gold miner, becoming the largest gold miner in the world by production.
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Jul 19, 2023 | 
pymnts.com | Jan Krämer |Thomas Höppner |Kenneth C. Wilbur |Sean Ennis
It appears that the European Union's antitrust regulations have taken center stage yet again, as regulators have extended their deadline for a decision on Amazon's controversial $1.7 billion acquisition of robot vacuum maker iRobot. The European Commission pushed back the deadline for its decision on the deal from November 15th to December 13th in response to a request from Amazon and iRobot. On July 6th, the European Commission opened up an in-depth review into the acquisition.
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Jul 19, 2023 | 
pymnts.com | Jan Krämer |Thomas Höppner |Kenneth C. Wilbur |Sean Ennis
Microsoft and Activision Blizzard on Wednesday delayed their $69 billion mega-merger for another three months as the two companies scramble to receive approval from British regulators. Microsoft announced its plans to acquire the video game publisher in early 2022 and originally set a deadline of July 18 this year to close the deal. The companies now hope to close the agreement by Oct. 18, as they attempt to overcome antitrust concerns and finalize the pact.
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Jul 19, 2023 | 
pymnts.com | Jan Krämer |Thomas Höppner |Kenneth C. Wilbur |Sean Ennis
Britain's Competition and Markets Authority (CMA) gave a provisional green light on Wednesday to computer chip and software maker Broadcom's planned $61 billion buyout of cloud technology company VMware, after finding the deal would "not substantially reduce competition." The CMA's clearance follows the European Commission's clearance last week, after Broadcom promised "concessions to address its concerns about competition." The CMA said after conducting a thorough investigation which...
