antitrust

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$48B Health Care Deal Could 'Reshape Industry'

Anthem-Cigna news comes just weeks after Aetna-Humana announcement

(Newser) - In a deal that the Wall Street Journal says could "reshape the US health industry," Anthem has agreed to buy Cigna for more than $48 billion—forming a combined entity that will cover more than 53 million people. Just weeks after Aetna announced it plans to acquire Humana... More »

EU Goes After 6 Hollywood Studios

Disney, Paramount, 4 other studios accused of blocking Sky in antitrust filing

(Newser) - The European Union has launched an antitrust case against six major US movie studios, including Disney and Warner Bros, and British satellite broadcaster Sky UK for restricting access across the 28-country bloc. In a statement today, the executive Commission, which assesses antitrust matters for the EU, said it has sent... More »

It's On: EU Goes After Google

Statement of objections issued today

(Newser) - As expected , the EU today made it official: It is going after Google, which was today hit with the first formal antitrust charges it's ever faced, the Wall Street Journal reports. EU regulators also opened a probe into its Android mobile system. Regulators allege that since 2008, Google has... More »

Europe Is Going After Google

EU to begin antitrust case, say reports

(Newser) - Google is about to have a very big and very expensive fight on its hands. The Wall Street Journal reports that Europe's antitrust regulator has decided to file formal charges, which could "theoretically" result in penalties of up to $6 billion. The EU's antitrust chief, Margrethe Vestager,... More »

EU Parliament Says It's Time to Break Up Google

Nonbinding move calls for search to be separated from other services

(Newser) - Europe's parliament has made a statement with a nonbinding vote: Google, the body says, needs to be divided. The European Parliament doesn't actually have power over antitrust matters, the New York Times reports, but the vote says that the EU's competition commissioner should "consider proposals aimed... More »

On What Planet Is the Comcast Merger OK?

Paul Krugman thinks we've gotten too complacent about monopolies

(Newser) - Paul Krugman has just two questions about Comcast's deal to buy Time Warner . "First, why would we even think about letting it go through?" he asks in the New York Times . "Second, when and why did we stop worrying about monopoly power?" The broadband industry is already... More »

Google May Change Search Results to Settle EU Case

It would depict competing services equally, at least in Europe

(Newser) - The European Union's antitrust watchdog today accepted "far-reaching" concessions offered by Google to settle allegations it is abusing its dominant position in Internet searches, bringing the 3-year-old case close to an end. Google would significantly change the ways it displays some search results in Europe in favor of... More »

Feds to Let American, US Airways Merge

World's biggest airline will give up runway space, flights in key cities

(Newser) - The feds have agreed to allow American Airlines and US Airways to merge, a move that will create the world's biggest airline. The Justice Department agreement requires the airlines to scale back the size of the merger at Washington's Reagan National Airport and in other big cities, and... More »

Behind Microsoft's $732M Fine: Snitch Named Google

EU competition watchdog levies heavy penalty to 'punish and deter'

(Newser) - Microsoft got thumped with a $732 million fine issued by the EU antitrust enforcer yesterday for violating the terms of a 2009 deal—thanks to Google and Opera, reports the Financial Times . Microsoft had then promised to offer consumers a choice of Internet browser instead of making Explorer Windows' automatic... More »

Feds Sue to Stop Merger of Bud, Corona

Anheuser-Busch InBev seeks a deal with Mexico's Grupo Modelo

(Newser) - The Justice Department filed a lawsuit today to stop Anheuser-Busch InBev's proposed $20.1 billion purchase of Mexican brewer Grupo Modelo, which would unite the ownership of popular beers like Budweiser and Corona. The government said the deal could lead to higher beer prices in the US because it... More »

Feds Clear Google of Search Bias

Company will make some voluntary changes to its practices

(Newser) - Google is resolving the FTC's antitrust probe into its business practices today after 19 months, the AP reports. As part of the settlement, Google will voluntarily license patents deemed "essential" to its rivals in the mobile phone industry, including Apple, Research in Motion, and Microsoft. The investigation was... More »

Feds Suspect Cable Firms of Stifling Online Videos

DoJ conducting antitrust probe, sources say

(Newser) - Federal authorities suspect cable companies worried about competition from online video have acted improperly to quash their emerging rivals, sources tell the Wall Street Journal . The Department of Justice has opened a wide-ranging investigation, and officials have spoken to online video providers and cable companies, including Time Warner and Comcast,... More »

Google Gets Europe's OK to Buy Motorola

But regulators in EU, United States will monitor for antitrust

(Newser) - Google's $12.5 billion takeover of Motorola Mobility Holdings, announced last August , finally cleared regulators in Europe and the United States yesterday, reports Reuters . But as Motorola owns so many patents that are vital to the telecommunications industry, regulators said they would monitor Google to ensure it continued to... More »

AT&T: Forget T-Mobile Merger

Wireless giant ends $39B bid to buy T-Mobile

(Newser) - AT&T Inc. said today that it is ending its $39 billion bid to buy T-Mobile USA after facing fierce government objections. The cell phone giant said that the actions of the US government to block the deal do not change the challenges of the wireless phone industry, which it... More »

FCC Moves to Block T-Mobile, AT&T Merger

Which means the government will have two cracks at stopping the deal

(Newser) - AT&T thought its muscular lobbying operation would ensure regulatory approval of its deal to buy T-Mobile , but it’s not working out that way. FCC Chairman Julius Genachowski moved to block the merger yesterday, giving the government a second chance to break up the sale should an antitrust suit... More »

Rivals Eager for Google Antitrust Hearing

Yelp, Nextag, Expedia say company has been anti-competitive

(Newser) - Google’s Senate antitrust hearing is today, and rivals Yelp, Nextag, and Expedia are ready to do some complaining. The three companies intend to tell lawmakers that Google is exploiting its search dominance by promoting its own services at the expense of theirs in its results, they tell the Wall ... More »

AT&T 'Pretty Confident' It Can Save T-Mobile Deal

Phone giant tries to duck antitrust concerns

(Newser) - AT&T is dead set on getting its $39 billion acquisition of T-Mobile past anti-trust regulators, and it’s developing a two-part plan to do so. While one of the telecom giant’s hands is preparing to battle the Justice Department in court, the other will be trying to strike... More »

Google Hires Army of Lobbyists, Also Eyes Hulu

It lines up 12 companies ahead of possible antitrust suit

(Newser) - Busy times for Google, even beyond its social networking push :
  • Lobbyist blitz: The company is apparently taking a potential antitrust investigation by the FTC very seriously, reports the Hill : Google is hiring no fewer than 12 top lobbying firms to make its case to lawmakers. “We have a strong
... More »

States Putting Antitrust Screws to Google, Too

California, New York, and Ohio join Texas in starting inquiries

(Newser) - As if the looming federal probe wasn’t bad enough, Google is now facing antitrust investigations from a number of states. California, New York, and Ohio have begun inquiries into the possible anti-competitive threat posed by Google’s search dominance, jumping on a bandwagon Texas started last year, the Financial ... More »

Google Faces FTC Antitrust Investigation

Tech giant to receive subpoenas this week

(Newser) - The Federal Trade Commission will send Google subpoenas this week as it begins an antitrust probe into the search king. Officials are investigating whether the firm has taken unfair advantage of its leading position in the tech landscape. It’s the weightiest US investigation the company has thus faced: While... More »

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