Italy’s antitrust authority fined Amazon.com and Apple, Inc., more than 200 million euros ($225 million) for alleged anti-competitive cooperation related to the sales of Apple and Beats products, according to a Reuters report Tuesday (Nov. 23). Get the Full Story Complete the form to unlock...
Several Chinese companies, including Alibaba, Baidu and JD.com will have $78,000 in fines levied against them stemming from 43 acquisitions that were said to breach the country’s anti-monopoly regulations, according to a Reuters report. Get the Full Story Complete the form to unlock this article...
European Union lawmakers are moving forward with a plan to target Big Tech companies’ anticompetitive practices, the Financial Times (FT) reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...
In the latest chapter of a struggle involving an Indian retailer, the independent directors of Future Retail have asked the Competition Commission of India (CCI), the country’s antitrust body, to revoke its approval of a 2019 deal in which Amazon purchased 49% of one of...
Amazon wants to settle a pair of antitrust probes in the EU in hopes of avoiding steep fines and directives to alter its business practices, Reuters reported on Tuesday (Nov. 9). Get the Full Story Complete the form to unlock this article and enjoy unlimited...
A bipartisan bill that would make it more difficult to complete Big Tech mergers has been introduced in the U.S. Senate. The office of Sen. Amy Klobuchar said she and Sen. Tom Cotton introduced the bill, Reuters reported Friday (Nov. 5). Get the Full Story...
China is looking into boosting its antitrust bureau’s status within the market regulatory agency to further fight monopolies, Reuters reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....
A court battle between Apple and Epic Games will continue, with Apple saying Friday (Oct. 8) that it is appealing a ruling in an antitrust case brought by the Fortnite creator, Reuters reported Get the Full Story Complete the form to unlock this article and...
For Apple … First off: the size of the fine may not matter much. But the impact to the business model, to the tech giant’s competitive standing … well, that will matter. Get the Full Story Complete the form to unlock this article and enjoy...
