Israeli firm Taboola revealed in a US Securities and Exchange Commission (SEC) filing over the weekend that it and other companies in the digital advertising industry are under investigation for antitrust violations by the US Department of Justice.
The criminal investigations involve hiring practices in the industry, which focuses on the recommendations the company makes for other online stories to read.
Taboola wrote in its F-4 filing with the SEC, before the company’s planned merger with ION, a SPAC company, that it does not believe it has violated the law.
Taboola only found out about the investigation last week, a few months after the decision on the SPAC merger was made.
A SPAC is a listed shell company without operations that raises money from investors with the goal of merging with a private company and taking it public.
Featured News
T-Mobile Faces Class-Action Lawsuit Over Sprint Merger After Appeal Denied
May 16, 2024 by
CPI
Google Faces Backlash Over Introduction of AI-Generated Summaries in Searches
May 16, 2024 by
CPI
CMA Launches Phase 2 Probe into AlphaTheta’s Acquisition of Serato
May 16, 2024 by
CPI
NFL Executive Escapes Testifying in High-Stakes Trial Over Televised Games
May 16, 2024 by
CPI
EU Consumers Lodge Complaint Against Chinese Retailer Temu Over Content Rules Breach
May 16, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Ecosystems
May 9, 2024 by
CPI
Mapping Antitrust onto Digital Ecosystems
May 9, 2024 by
CPI
Ecosystems and Competition Law: A Law and Political Economy Approach
May 9, 2024 by
CPI
Ecosystem Theories of Harm: What is Beyond the Buzzword?
May 9, 2024 by
CPI
Open Ecosystems: Benefits, Challenges, and Implications for Antitrust
May 9, 2024 by
CPI