competition
Top StoriesRealtek Sues Semiconductor Rival MediaTek Over Patent ‘bounty’ Agreement
Top StoriesUK to Examine Broadcom’s $61 Billion VMware Deal in Depth
Top StoriesUK’s Competition Watchdog to Examine Edf Buying GE’s Nuclear Turbine Unit
Top StoriesActivision Aims to Help UK Regulator ‘better Understand Our Industry’
EU Opens Antitrust Probe Into Broadcom’s $61 Billion VMware Bid
Date: December 21, 2022
PARIS (Reuters) -European antitrust regulators have opened an in-depth investigation into U.S. chipmaker Broadcom’s proposed $61 billion bid for cloud computing company VMware, the European Commission said on Tuesday. “The Commission is particularly concerned that the transaction would allow Broadcom to restrict competition in the market for certain hardware components which interoperate with VMware’s software,”...
UK Says Baker Hughes-Altus Deal May Hurt Competition in Oil Well Services
Date: November 23, 2022
(Reuters) – Britain’s competition watchdog said on Tuesday U.S.-listed oilfield services firm Baker Hughes Co’s acquisition of Altus Intervention could reduce competition among UK oil and gas operators. The Competition and Markets Authority (CMA) said it was concerned that the loss of rivalry between the merging companies could lead to higher prices, reduced choice and...
U.S. Judge Says Penguin Random House Book Merger Cannot Go Forward
Date: November 1, 2022
By Diane Bartz WASHINGTON (Reuters) -A planned $2.2 billion merger of Penguin Random House, the world’s largest book publisher, and rival Simon & Schuster cannot go forward, a U.S. judge has ruled. Judge Florence Pan of the U.S. District Court for the District of Columbia, said in a brief order on Monday that she found...
Amazon Faces $1 Billion Lawsuit in UK for ‘favouring Its Own Products’
Date: October 21, 2022
LONDON (Reuters) – Amazon.com Inc is facing a lawsuit in Britain for damages of up to 900 million pounds ($1 billion) over allegations the online marketplace abused its dominant position by favouring its own products, lawyers said. Consumer rights advocate Julie Hunter plans to bring the collective action on behalf of British consumers who have...
Morrisons’ McColl’s Store Sale Paves Way for Deal Clearance
Date: October 10, 2022
LONDON (Reuters) – British supermarket group Morrisons’ purchase of convenience retailer McColl’s looks set to be cleared after the competition regulator said it was likely to accept an offer to sell 28 stores. Morrisons bought the 1,100 store McColl’s for a reported 190 million pounds ($210 million) in May after it collapsed into administration. However,...
UK to Examine Cloud Services Dominated by Amazon, Microsoft and Google
Date: September 22, 2022
LONDON (Reuters) -Britain said it would investigate competition in cloud services, a market dominated by the “hyperscalers” Amazon, Microsoft and Alphabet’s Google , which together account for around 81% of revenue. Communications regulator Ofcom also said on Thursday it would examine other digital markets over the next year, including messaging services such as WhatsApp, FaceTime...