Tag Archives: antitrust

U.S. grocer Kroger carts away Albertsons for $25 billion but faces antitrust test

U.S. grocer Kroger carts away Albertsons for $25 billion but faces antitrust test

By Aishwarya Venugopal, Diane Bartz and Abigail Summerville (Reuters) – Kroger Co snapped up Albertsons Cos Inc in a $25 billion deal on Friday, creating a U.S. grocery behemoth to better compete with leader Walmart Inc on prices while bracing for potential antitrust roadblocks. The mega merger between the No. 1 and 2 standalone grocers in the United States will bring under one roof nearly 5,000 stores that include banners such as Albertsons’ Safeway and Kroger-owned Ralphs and Fred Meyer. The… Source link

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Exclusive: Google faces EU antitrust charges over its adtech business – sources

Exclusive: Google faces EU antitrust charges over its adtech business – sources

BRUSSELS, Oct 13 (Reuters) – Alphabet (GOOGL.O) unit Google could face EU antitrust charges next year over its digital advertising business, putting the company at risk of its fourth fine in the EU of more than a billion euros, people familiar with the matter said on Thursday. Google’s ad business, which generated over $100 billion in sales last year, is Alphabet’s biggest moneymaker. It accounted for about 80% of annual revenue, despite efforts over the past decade to push into selling… Source link

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Epic Games and Match Group want to bring additional antitrust allegations against Google

Epic Games and Match Group want to bring additional antitrust allegations against Google

Epic Games and Match Group are attempting to expand their lawsuits against Google to include additional allegations against the search giant. In a motion filed on Friday with a federal court in the Northern District of California, the two companies accused Google of paying off developers that had the means and ability to create competing Android app stores. Specifically, Epic and Match point to agreements like Project Hug. The initiative, later called the “Apps and Games Velocity… Source link

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Google Embroiled In Yet Another Multi-Billion Europe Antitrust Case

Google Embroiled In Yet Another Multi-Billion Europe Antitrust Case

Google is facing a damages claim of up to €25 billion in the latest class action against it in Europe.  Two claims are being brought in the Netherlands and the U.K. over the tech giant’s alleged misuse of advertising technology, following the French Competition Authority’s 2021 finding that Google had misused ‘adtech’ to benefit ad servers it owned.  The collective actions are being brought on behalf of online publishers by a range… Source link

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Indonesia antitrust agency launches probe of Google app payments

Indonesia antitrust agency launches probe of Google app payments

A view of the main lobby of building BV200, during a tour of Google’s new Bay View Campus in Mountain View, California, U.S. May 16, 2022. REUTERS/Peter DaSilva Register now for FREE unlimited access to Reuters.com Register JAKARTA, Sept 15 (Reuters) – Indonesia’s anti-trust agency (KPPU) said on Thursday it is investigating potential unfair business practices by Google over the use of proprietary payment services for its software distribution platform Google Play Store. The move follows… Source link

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Google fails to overturn EU’s €4BN+ Android antitrust decision • TechCrunch

Google fails to overturn EU’s €4BN+ Android antitrust decision • TechCrunch

Google’s appeal against a €4.34 billion antitrust fine handed down by the European Union four years ago, after the bloc’s competition regulator found major violations in how it operated its Android mobile OS, has not succeeded in overturning the decision: The EU’s General Court largely confirmed the Commission’s decision in a ruling issued today. It’s a much needed win for the EU which has had a number of its antitrust decision unpicked by the courts in recent years. Reached… Source link

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Google loses challenge against EU antitrust decision, wins 5% fine cut

Google loses challenge against EU antitrust decision, wins 5% fine cut

European Commission Vice President Margrethe?Vestager speaks during an interview with Reuters in Brussels, Belgium, March 28, 2022. REUTERS/Johanna?Geron/File Photo Register now for FREE unlimited access to Reuters.com Register LUXEMBOURG, Sept 14 (Reuters) – Alphabet (GOOGL.O) unit Google on Wednesday suffered its second setback in less than a year as Europe’s top court agreed with EU antitrust regulators that it had abused its dominance but trimmed the fine by 5% because of a disagreement on… Source link

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Google’s adtech practices targeted in UK, EU antitrust damages suits • TechCrunch

Google’s adtech practices targeted in UK, EU antitrust damages suits • TechCrunch

More antitrust litigation targeting Big (ad)Tech: Google is being sued in the U.K. and the Netherlands where two suits have been announced today seeking damages on behalf of publishers who claim they have been harmed by anti-competitive adtech practices. Per Reuters, publishers are seeking up to €25 billion in damages from Google for lost ad revenues via the litigation. Google’s adtech stack — and certain other ad-related practices  — are currently under investigation by both… Source link

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Google’s Ad Market Subject Of Upcoming Antitrust Suit. Again.

Google’s Ad Market Subject Of Upcoming Antitrust Suit. Again.

Google is yet again under fire from for its alleged anticompetitive practices in online advertising.  According to Bloomberg, the U.S. Department of Justice could sue Alphabet, Inc, the search engine’s parent company, for antitrust violations as early as next month.  Google Repeatedly Targeted by Antitrust Allegations In October 2020, the federal department of justice filed a lawsuit against the search engine giant, which currently accounts for an 83.84% of the global market. This suit,… Source link

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PGA Tour responds to LIV’s antitrust suit, looks to block players from playoffs

PGA Tour responds to LIV’s antitrust suit, looks to block players from playoffs

Eleven players on the breakaway LIV Golf tour have filed an antitrust suit against the PGA Tour. Three of them — Talor Gooch, Hudson Swafford and Matt Jones — have an immediate challenge: whether they will be permitted to play in the first round of the PGA Tour’s FedEx Cup playoffs, which begin Thursday in Memphis. On Monday morning, the PGA Tour responded, leaving no doubt about its stance and the likelihood of the players returning for the playoffs. After joining LIV, the players, the… Source link

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