In a statement Meta Platforms Inc said, it had closed its acquisition of U.S. customer service startup Kustomer, after gaining antitrust approval from the European Commission last month. The acquisition was announced in November 2020 but got delayed due to regulatory… Read More ›
Alphabet Inc, Google’s parent company, is close in to join its peers, Microsoft Corp and Apple Inc in the elite $2 trillion market valuation club with the search engine giant’s shares surging more than 8% following a better than expected quarterly results…. Read More ›
The European Commission is taking a closer look into Microsoft Corp’s $16 billion acquisition of transcription technology company Nuance Communications Inc and has asked customers and competitors to draw up a list of concerns. The outreach is the most extensive scrutiny by… Read More ›
Australia’s antitrust regulator has raised initial concerns over Aon’s $30 billion acquisition bid for Willis Towers Watson which aims to create the world’s biggest insurance broker. The development comes in the wake of similar moves by EU antitrust regulators. In… Read More ›
According to two sources familiar with the internal deliberations, U.S. President-elect Joe Biden Administration is weighing the odds of creating a White House position focused “on competition policy and issues relating to antitrust”. One of the sources has cautioned that… Read More ›
According to sources familiar with the matter at hand, the U.S. Justice Department has approved Uber Technologies Inc’s acquisition of Postmates, a food delivery company. Earlier in July, Uber had announced that it would acquire Postmates for $2.65 billion in… Read More ›
Regardless of who wins the U.S. 2020 elections, some investors have welcomed the prospects that either of the two candidates would most likely face some opposition in the U.S. Congress that would be a barrier to bringing about sweeping changes… Read More ›
In a far-reaching policy shift, officials from the United States antitrust and patent office stated they no longer deem holders of industry-standard patents anti-competitive if they sue to stop the sale of infringing products. In a joint statement, the U.S…. Read More ›
Following a statement from the Swiss competition authority, COMCO, saying it wants to prohibit the Swatch Group from supplying watch mechanisms to other companies during 2020, Swatch, the world’s biggest watch maker, has threatened to pursue damages. “The provisional measures… Read More ›
Nexstar Media Group Inc and Tribune Media Co will have to divest TV station in 13 markets so that their $6.4 billion deal satisfies antitrust concerns. The U.S. Justice Department told Nexstar Media Group Inc and Tribune Media Co that… Read More ›
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