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Antitrust

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China slapped a record 18 billion yuan ($2.75 billion) fine on Alibaba Group Holding Ltd on Saturday, after an anti-monopoly probe found the e-commerce giant had abused its dominant market position for several years.

The fine, about 4% of Alibaba’s 2019 China revenues, comes amid a crackdown on technology conglomerates and indicates antitrust law enforcement on internet platforms has entered a new era in China after years of laissez-faire approach.


Kimberly Redmond | Equities.com |

The UK’s Competition and Markets Authority is investigating whether or not Penguin Random House LLC’s proposed $2.18 billion acquisition of Simon & Schuster could damage the book publishing industry.

The CMA said Monday it is examining whether or not the deal, which would make Penguin Random House the world’s biggest book publisher, would result in a “substantial lessening of competition within any market or markets in the United Kingdom for goods or services.”


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(Reuters) - The U.S. Department of Justice is investigating whether Visa Inc engages in anticompetitive practices in the debit-card market, a source familiar with the matter said on Friday.

The department’s antitrust division has been probing whether Visa limited merchants’ ability to route debit-card transactions over card networks that are often less expensive, according to the Wall Street Journal, which was first to report the probe.


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The world’s two largest aircraft leasing companies are combining to create a new financing giant after Ireland’s AerCap finalized a deal worth more than $30 billion to buy the leasing unit of General Electric.

The two companies, which tied the knot on Wednesday after days of speculation surrounding a takeover of GE’s leasing arm GECAS, together control more than 2,000 jets, dwarfing rivals.


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Aircraft leasing is on the brink of its biggest shake-up in almost a decade as its top two players AerCap and General Electric’s GECAS discuss a deal to forge an industry titan with over 2,000 jets, financial sources said on Monday.

Negotiations for a tie-up follow years of speculation over the sale of GECAS and come as COVID-19 is expected to shift more of the world’s passenger aircraft fleet into the arms of the leasing industry, which already takes about half of Airbus and Boeing deliveries.


Kimberly Redmond | Equities.com |

Regulators from the antitrust division of the US Justice Department have asked Salesforce.com Inc (NYSE: CRM) and Slack Technologies Inc (NYSE: WORK) for additional information regarding Salesforce’s plan to buy the smaller software company for $27.7 billion.

The two companies were also asked to provide documentary materials, regulatory filings showed Tuesday.


Kimberly Redmond | Equities.com |

Qualcomm lost its fight against a data demand from the European Union (EU) antitrust regulators after Europe’s top court ruled against it Thursday.

The ruling by the Court of Justice of the European Union (CJEU) reaffirmed regulators’ right to see data held by Qualcomm.

The San Diego-based chipmaker’s legal fight with the EU antitrust regulators began in 2017, when it was instructed to provide more information regarding a case i...


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Pilgrim’s Pride Corp and Tyson Foods Inc said on Monday they have settled price-fixing litigation by a group of poultry buyers that accused them of violating U.S. antitrust law by conspiring to inflate chicken prices.

Pilgrim’s Pride, owned mainly by Brazil’s JBS SA, will pay $75 million to settle claims by purchasers that bought chickens directly from the company. The size of Tyson’s settlement with the same purchasers was not disclosed.

Neither company admitted liability, and both said settling was in their best interests.

Both settlements require approval by a federal judge in Chicago.


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Office supplies retailer Staples on Monday said it made an offer to buy Office Depot owner ODP Corp for $2.1 billion in cash, nearly five years after its second takeover effort was rejected.

The U.S. Federal Trade Commission blocked Staple’s $6.3 billion offer in 2016, saying a merger between the two could reduce competition for nationwide contracts for office supplies.

The two companies agreed to merge in 1996, but the deal was put to rest as a government lawsuit argued the move would have meant higher prices for pens, paper and other office supplies.


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The UK’s competition watchdog said on Friday it has launched an investigation into Google’s proposals to remove third-party cookies and other functions from its Chrome browser, following concerns the move could curb rival digital advertising.

The investigation will assess whether the proposals could cause advertising spend to become even more concentrated on the ecosystem of Alphabet’s Google at the expense of its competitors, the Competition and Markets Authority said.

Google has said the technology, referred to as the ‘Privacy Sandbox’ project, will allow people to receive relevant ads, helping to sustain the current advertising model without tracking users on an individual level.