Uber’s planned acquisition of Autocab is being investigated by the U.K.’s Competition and Markets Authority (CMA) for suspected anticompetitive behavior, Reuters reported on Friday (Jan. 29). The tie-up between Uber and mobility platform Autocab — supplier of Software-as-Service (SaaS) solutions for the ridesharing, taxi and...
Sen. Amy Klobuchar is set to introduce a new bill to curb corporate monopoly power, particularly aiming at Big Tech, The New York Times (NYT) reported. The report said lawmakers are trying to erect new limitations on companies attempting to buy up smaller rivals, like...
For Big Tech, and for FinTechs, the regulatory landscape is shifting — and the barrage of new rules and regulations comes from all sides. That’s especially true in the United States and China, the two largest economies in the world, where a significant portion of...
Amazon has filed a lawsuit against the European Union, accusing the EU’s competition watchdog of granting Italian antitrust officials leeway, according to Reuters on Wednesday (Jan. 20). The investigation on behalf of Amazon took issue with the EU for giving the Italian Competition Authority the...
President-elect Joe Biden is looking at two ex-President Barack Obama officials to run the top antitrust job at the U.S. Department of Justice (DOJ), Reuters reported. One pick might be Renata Hesse, who has served numerous stints at the DOJ since 2002 and was acting...
The dispute between Epic Games and Apple is deepening, Bloomberg said Thursday (Jan. 14), as Epic decries the removal of its popular Fortnite game from the App Store as unlawful. According to Epic in a statement to the U.K’s antitrust tribunal, Apple is abusing its...
Connecticut Attorney General William Tong is launching an antitrust probe into how Amazon runs its eBook business, the Wall Street Journal (WSJ) reported on Thursday (Jan. 14). Connecticut’s inquiry is just the latest antitrust probe by several state and federal authorities into how Amazon conducts...
Singapore’s Competition Appeals Board has upheld fines of S$6.6 million (Singapore dollars) levied against Uber, affirming that its merger deal with ride-hailing rival Grab had curbed competition in the country. The appeals board, in a news release, said it had dismissed Uber’s appeal, which was...
The Chinese government’s previously announced antitrust investigation of Alibaba Group Holding Ltd. is focusing on whether the internet giant refused access to its online marketplace to vendors that also wanted to sell elsewhere, according to an official Chinese government website. China’s State Administration for Market...