Business

iRobot Stock Plunges as Its Takeover by Amazon Likely Is Dead

[ad_1] Amazon’s $1.4 billion deal for Roomba-maker iRobot looks set to be blocked by European Union antitrust authorities. It’s only a small setback for the e-commerce giant but it’s a reminder that regulators are still skeptical over acquisitions made by big technology companies. Continue reading this article with a Barron’s subscription. View Options [ad_2] Source link

Breaking News

Microsoft’s Activision Deal Gets Green Light From UK Regulator

[ad_1] By Kim Mackrael Microsoft’s acquisition of videogame company Activision Blizzard won approval from U.K. competition authorities, clearing a path for the companies to close the $75 billion deal after a lengthy struggle with regulators. The U.K.’s Competition and Markets Authority said Friday that the proposed deal no longer poses a major threat to competition […]

Breaking News

Amazon, Microsoft Cloud Services Face UK Competition Probe

[ad_1] By Michael Susin The U.K.’s communications regulator has referred the cloud market to the country’s competition watchdog for an investigation, alleging that certain features by market leaders Amazon and Microsoft could limit competition. The Office of Communications regulator said Thursday that a market study found that high fees for transferring data, committed spend discounts […]

Breaking News

Psst: Here’s why Google’s antitrust trial against the Department of Justice isn’t being talked about much

[ad_1] Google’s top executives have long established a reputation of saying as little as possible on most topics: Earnings calls. Product development plans. Management moves. Legal matters are certainly on the list, as the company’s antitrust trial with the Justice Department concludes its third week. The public is barred from listening to the 10-week federal […]

Breaking News

Nvidia identified as target of French antitrust raid: WSJ

[ad_1] Nvidia Corp.’s offices in France were the subject of a dawn raid Wednesday by French antitrust regulators, according to a report by the Wall Street Journal on Thursday, which cited sources close to the raid. Nvidia NVDA, +1.46% is widely recognized by Wall Street as the biggest chipmaker that stands to gain from the current […]

Breaking News

Elizabeth Warren, Bernie Sanders urge FTC’s Khan to finalize controversial merger rules

[ad_1] A group of Democrats in the House and Senate are imploring the country’s top antitrust enforcement cop to implement sweeping new changes to its merger-review protocol, according to a new letter viewed exclusively by MarketWatch. The Federal Trade Commission, along with the Justice Department’s antitrust division, recently proposed changes to forms that companies proposing […]

Breaking News

Microsoft’s Revised Activision Deal Addresses Competition Concerns, Says UK Regulator

[ad_1] By Elena Vardon Microsoft’s proposals to modify its $75 billion Activision acquisition address the concerns with the U.K. antitrust authority, the regulator said in a provisional decision Friday. The U.K. Competition and Markets Authority said that the new deal submitted by Microsoft should lessen any harm to competition in cloud gaming. The CMA said […]

Breaking News

Google spent billions to build an illegal monopoly, Justice Department says as trial gets under way

[ad_1] Federal prosecutors opened a landmark antitrust trial against Alphabet Inc.’s Google on Tuesday with charges the search-engine giant for years intentionally snuffed competition through exclusive contracts with wireless carriers and phone makers. Google GOOGL, -1.15% GOOG, -1.21% spent billions of dollars on such contracts to cement its dominant position, a clear violation of U.S. […]

Breaking News

After Microsoft defeat, ‘toothless’ FTC needs to pick better battles if it wants to rein in Big Tech

[ad_1] The U.S. Federal Trade Commission’s defeat as it sought to block Microsoft Corp.’s acquisition of videogame maker Activision Blizzard is yet another setback for an increasingly toothless regulator that needs to pick better battles with Big Tech. On Tuesday morning, a federal judge denied the FTC’s injunction that was seeking to block the software […]

Breaking News

FTC sues to block Microsoft’s $69 billion acquisition of game giant Activision Blizzard

[ad_1] The Federal Trade Commission on Thursday sued Microsoft Corp. to block its $69 billion deal to buy Activision Blizzard Inc. The acquisition, which would be Microsoft’s MSFT, +1.07% largest and the biggest ever in the video gaming industry, would “enable Microsoft to suppress competitors to its Xbox gaming consoles and its rapidly growing subscription […]