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...
As early as next year Apple could be hit with charges, as well as a steep antitrust fine from the European Union (EU) over its near-field communications (NFC) chip technology, according to a Wednesday (Oct. 6) report from Reuters citing sources. The European Commission can...
Google on Monday (Sept. 27) launched its appeal to rescind the $5 billion antitrust fine levied by the European Union, according to a Wall Street Journal report. Google argues that its Android operating system for mobile devices has bolstered competition instead of diminishing it, according...
The central bank of China is planning to “deepen” its mobile payments-focused antitrust probes, even though it has seen “interim progress” in the last year, its deputy governor said on Friday (Sept. 24), according to a South China Morning Post report. Get the Full Story...
