In recalling his deposition, Bazaarvoice chairman Tom Meredith says he described the US Department of Justice’s lawsuit against its merger as “B.S.,” a shot taken against the regulator for blocking the company’s acquisition with PowerReviews.
The deal made for more than $168 million in June of last year was attacked by the DOJ as anticompetitive and went to trial last month.
Meredith reportedly testified that the DOJ’s worries over the merger were “ludicrous,” and that a merger within the tech reviews and ratings market could not impact prices in such a young sector.
Reports say the trial is on schedule to finalize next week.
Full Content: Biz Journals
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
Redfin Settles $9.2M Commission Inflation Lawsuits
May 7, 2024 by
CPI
DOJ Supports Colorado’s Efforts to Block Kroger-Albertsons Merger
May 7, 2024 by
CPI
Japan Considers Regulation of AI Developers
May 7, 2024 by
CPI
European Commission Extends Decision Deadline for Ita-Lufthansa Merger
May 7, 2024 by
CPI
UK, US and Australia Sanction Senior Leader of LockBit Cybercrime Gang
May 7, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Economics of Criminal Antitrust
Apr 19, 2024 by
CPI
Navigating Economic Expert Work in Criminal Antitrust Litigation
Apr 19, 2024 by
CPI
The Increased Importance of Economics in Cartel Cases
Apr 19, 2024 by
CPI
A Law and Economics Analysis of the Antitrust Treatment of Physician Collective Price Agreements
Apr 19, 2024 by
CPI
Information Exchange In Criminal Antitrust Cases: How Economic Testimony Can Tip The Scales
Apr 19, 2024 by
CPI