Indonesia’s antitrust agency said it wants to take a look at the history-making merger between two of the country’s startups to guard against monopolistic practices. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...
Tencent Holdings will be hit with a big antitrust penalty in China, but it’s not likely to be as much as Alibaba’s record $2.75 billion fine last month, Reuters reported, citing sources. As part of Chinese President Xi Jinping’s antitrust crackdown, Tencent will likely get...
The European Union hit Apple with antitrust violations stemming from Spotify’s complaints about the iPhone maker’s App Store policies, the European Commission (EC) said in a statement. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...
The European Union (EU) is set to hit Apple with an antitrust charge later this week after a two-year probe into the iPhone maker’s alleged anti-competitive behavior, the Financial Times reported on Tuesday (April 27), citing sources. Get the Full Story Complete the form to...
Epic Games CEO Tim Sweeney will attend a weeks-long antitrust trial against Apple, Reuters reported. Apple’s Phil Schiller, who leads the App Store, will also be present at the trial. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...
Lina Khan, the President Joe Biden nominee for chair of the Federal Trade Commission (FTC), said antitrust enforcers should be looking harder at the power Big Tech has over digital markets, including online journalism, app markets and more, Bloomberg reported. Get the Full Story Complete...
The House of Representatives Judiciary Committee has approved a report that accuses companies like Apple, Amazon, Facebook and Google of acting as a monopoly. According to Reuters, the more-than-400 page report — the first such congressional review of the industry — became official on Thursday...
Sen. Josh Hawley of Missouri has introduced the Trust-Busting for the Twenty-First Century Act, which a press release stated would take back control from big businesses and “return it to the American people” through cracking down on mergers and mega-acquisitions. Get the Full Story Complete...
After slapping Alibaba with record penalties last week, the Chinese government has warned 34 other digital technology firms to step up efforts to adhere to antitrust regulations and make a public pledge to do so, the Financial Times reported. Get the Full Story Complete the...
