European Union antitrust regulators have delayed the target date for a determination on Facebook’s purchase of New York-based software company, Kustomer, to Dec. 15, according to a Monday (Aug. 9) report from Reuters. The original deadline had been Dec. 8 and was pushed back at...
Amazon and Walmart will face antitrust probes in India over their eCommerce practices, the country’s Supreme Court ruled on Monday (Aug. 9). According to Reuters, the ruling stems from an investigation ordered last year by the Competition Commission of India into whether Amazon and Walmart’s...
The European Commission has opened an investigation into the proposed acquisition of Kustomer by social media giant Facebook, according to a press release. The concern is that the buy would have the effect of cutting down on competition and making Facebook more powerful and dominant...
India’s highest court is planning to hear concerns from Amazon and Walmart’s Flipkart that claim the country’s antitrust inquiries have been demanding confidential data, Reuters reported on Thursday (July 29), based on documents seen by Reuters but not made public. Both eCommerce giants requested that...
The Federal Trade Commission (FTC) is dealing with a rise in mergers that has amounted to the highest number of filings in 20 years, Bloomberg reported. “Although the FTC is working to review many of these deals, the sheer volume of transactions is significantly straining...
The European Union is set to launch an antitrust investigation into Facebook’s acquisition of customer service startup Kustomer. As Reuters reported Friday (July 23), citing unnamed sources, the European Commission will hold a preliminary review of the deal on Aug. 2 before launching a more...
Jonathan Kanter, a Google critic and progressive favorite, will lead President Joe Biden’s Justice Department antitrust division, CNBC writes. This could be perceived as bad news for big tech firms. It follows the appointment of Lina Khan, a longtime critic of big tech, as head...
Europe’s General Court in Luxembourg has set November 10 as the date it will rule on Google’s challenge to the €2.4 billion ($2.8 billion) antitrust fine levied by the European Union (EU), Reuters reported on Tuesday (July 20), citing sources. The ruling is the first...
Flipkart, which is owned by Walmart, doesn’t think it should be treated like Amazon in an Indian antitrust suit, U.S. News reports. Flipkart said the evidence against the two firms was “qualitatively different.” The Walmart unit said the antitrust suit seemed to overlook the fact...