Latest Monopoly and antitrust News

Proposed merger of two publishing giants is officially over

Nov. 21, 2022 19:56 PM EST

NEW YORK (AP) — Simon & Schuster's corporate parent has officially ended the agreement for Penguin Random House to purchase the publisher, a proposed sale a federal judge already had blocked last month. Paramount Global also announced Monday that it still plans to sell Simon...

US bid to kill American-JetBlue partnership goes to judge

Nov. 18, 2022 14:08 PM EST

Airline lawyers and the Justice Department delivered starkly contrasting views of an alliance between American Airlines and JetBlue during closing arguments Friday in a case that will test the Biden administration’s aggressive enforcement of antitrust laws. The partnership lets...

Battle over the iPhone app store spills into appeals court

Nov. 14, 2022 19:56 PM EST

SAN FRANCISCO (AP) — Apple and the company behind the popular video game Fortnite squared off Monday before three federal appellate judges who will render the next decision in a high-stakes battle over whether Apple created an illegal monopoly via its exclusive control of its iPhone app store....

US Judge lays out case for blocking publishing giants merger

Nov. 08, 2022 17:49 PM EST

WASHINGTON (AP) — A federal judge has laid out a data-laden case for why she blocked Penguin Random House’s proposed purchase of Simon & Schuster, handing a victory to the Biden Justice Department in its contention that combining two of the world’s biggest publishers would hurt...

Albertsons $4B payout to shareholders amid merger paused

Nov. 03, 2022 22:16 PM EDT

SEATTLE (AP) — A judge in Washington state has temporarily blocked Albertsons from paying a $4 billion dividend to investors as part of the grocery retailer’s proposed merger with rival Kroger. On Thursday, King County Superior Court Commissioner Henry Judson approved a motion by...

Judge blocks Penguin Random House-Simon & Schuster merger

Oct. 31, 2022 22:06 PM EDT

NEW YORK (AP) — A federal judge has blocked Penguin Random House's proposed purchase of Simon & Schuster, agreeing with the Justice Department that the joining of two of the world’s biggest publishers could “lessen competition” for “top-selling books.” The ruling was a victory for...

Athlete advocacy group files complaint with DOJ against NCAA

Oct. 21, 2022 14:56 PM EDT

An organization calling for reform in college sports has filed a complaint with the U.S Justice Department against the NCAA, accusing those involved with the governing body of violating antitrust laws by capping compensation to athletes. The NCPA is asking the agency to pursue civil...

Amazon faces $1B class action lawsuit in the UK over Buy Box

Oct. 20, 2022 12:27 PM EDT

NEW YORK (AP) — Amazon is facing a $1 billion class action lawsuit in the U.K. over allegations it uses an algorithm to favor its own products and those of third-party sellers who use its storage and delivery services. The litigation is being spearheaded by the law firm Hausfeld...

Meta hits back in fight with FTC over VR company acquisition

Oct. 13, 2022 17:59 PM EDT

WASHINGTON (AP) — Federal regulators and Facebook parent Meta are battling over Meta’s proposed acquisition of virtual-reality company Within Unlimited and its fitness app Supernatural. In a landmark legal challenge to a Big Tech merger, the Federal Trade Commission is suing to...

American Airlines CEO defends JetBlue deal to federal judge

Oct. 05, 2022 13:56 PM EDT

The CEO of American Airlines said Monday that his airline needed a partnership with JetBlue because Delta Air Lines had bulked up through a merger sooner than American, had more takeoff and landing rights at New York airports, and fewer unionized workers. Robert Isom also conceded...