Latest News for: Antitrust global

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Dechert Welcomes International Team of Preeminent Antitrust Practitioners

Victoria Advocate 06 Feb 2023
Beyond the strength he brings to the global antitrust team, Mr ... "We are extremely pleased to welcome Jay, Russ and Douglas, particularly at a time when antitrust activity in the high-tech industry continues to increase globally ... "Dechert has a premier transatlantic antitrust ...
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Report: Microsoft expects UK to block Activision merger deal

Ars Technica 06 Feb 2023
That's according to "four people briefed on the matter" cited many paragraphs deep in a New York Times report about the direction of globalized antitrust regulation ... Read 5 remaining paragraphs . Comments .
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Intel faces yet another EU antitrust fine despite court win last year

FX Empire 03 Feb 2023
By Foo Yun Chee. BRUSSELS (Reuters) – Intel could face yet another EU antitrust fine despite winning its court fight last year against a 1.06 billion. euro ($1.2 billion) penalty imposed 14 years ago for hindering a rival, the U.S. chipmaker said in a regulatory filing ... Companies risk fines up to 10% of their global turnover for EU antitrust breaches.
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Mondelez sets aside 300 million euro to resolve EU antitrust probe

FX Empire 03 Feb 2023
BRUSSELS (Reuters) – Oreo maker Mondelez has set aside 300 million euros ($326 million) to resolve an EU antitrust investigation into whether it blocked cross-border sales of its ... The Commission can fine companies up to 10% of their global turnover for antitrust violations.
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Washington launches a new Google battle — with an old playbook

Politico 02 Feb 2023
government is aggressively getting back into the antitrust game. But in global terms, it’s already a step behind ... The Biden administration’s recent move to break up Google is drawing global attention — but also highlights an awkward reality ... The tech giants simply grew too fast over the past two decades for antitrust law to keep up.
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Google Earnings Miss As Growth Slows In Search Advertising, YouTube, Cloud Computing

Investors Business Daily 02 Feb 2023
Google stock fell on the news. X. Google said second-quarter earnings tumbled 31% to $1.05 per share ... Gross revenue rose 1% to $76.05 billion ... Google Stock ... Shares Face Headwinds ... 20 said it will cut 12,000 jobs, or roughly 6% of its global workforce, amid worries over a U.S ... And the Department of Justice recently filed antitrust charges against Google.
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Penguin Random House U.S. CEO Madeline McIntosh Is the Latest Company Executive to Quit

New York Observer 31 Jan 2023
Following the antitrust decision, the global chief executive, Markus Dohle, resigned in December.�Gina Centrello, head of the Random House Publishing Group, retired earlier this month.
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‘A Hard Sell’: Can Biden’s DOJ really shatter Google’s grip on digital ads?

Politico 26 Jan 2023
The case adds to the search and advertising giant’s antitrust burden and will test the ability of even the most well-resourced of companies to fight a global battle ... Not everyone agrees that the DOJ’s newest Google case falls squarely under traditional antitrust law ... “It has a trifecta of antitrust concerns,” he said.
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Factbox: The sun never sets on Google's antitrust woes

Reuters 25 Jan 2023
Jan 24 (Reuters) - Alphabet Inc's Google (GOOGL.O), whose clout in search, the Android smartphone operating system and online advertising upended those markets, faces antitrust fights in the United States, Europe and India. The following are some of the antitrust battles Google is fighting globally..
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Bottom Line: Antitrust lobbying heats up 

The Hill 24 Jan 2023
ANTITRUST ... Seth Bloom, former longtime general counsel on the Senate Judiciary Committee’s antitrust subcommittee, will work on the account ... and European Union for its acquisition of cancer detection company Grail, hired Dentons Global Advisors Government Relations to lobby on federal antitrust policy and implementation.
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Factbox-The sun never sets on Google’s antitrust woes

FX Empire 24 Jan 2023
(Reuters) – Alphabet Inc’s Google, whose clout in search, the Android smartphone operating system and online advertising upended those markets, faces antitrust fights in the United States, Europe and India. The following are some of the antitrust battles Google is fighting globally..
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Will DOJ Antitrust Lawsuit Force Google Sale Of Parts Of Ad Business?

Investors Business Daily 24 Jan 2023
Department of Justice on Tuesday filed antitrust charges against Alphabet's (GOOGL) Google, leaving open the question of whether the search giant will have to divest some of its ad business in order to satisfy regulators ... 20 said it will cut 12,000 jobs, or roughly 6% of its global workforce, adding to a growing wave of layoffs among U.S.
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Brazil antitrust agency to investigate MercadoLibre complaint against Apple

Reuters 19 Jan 2023
BRASILIA, Jan 18 (Reuters) - Brazil's antitrust watchdog CADE has begun investigating a complaint by e-commerce retailer MercadoLibre Inc (MELI.O) against Apple Inc (AAPL.O) for alleged abuse of a monopoly in the distribution of apps for its devices, the regulator said on Wednesday.
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The top Biden lawyer with his sights on Apple and Google

Politico 18 Jan 2023
Though the DOJ and FTC have different remits and tools — the FTC also polices a variety of consumer harms, and the DOJ has the power to bring criminal charges — there is little daylight between Kanter and Khan’s aggressive antitrust strategies, or their sharp focus on the monopoly risk of global tech companies.

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