A PYMNTS Company

Latest News

TechREG & Antitrust

Subscribers Defend $4.7 Billion Antitrust Verdict Against NFL in Court Filings

 |  Jul 19, 2024

The National Football League (NFL) has challenged a $4.7 billion verdict awarded to subscribers who accused the league of conspiring to inflate the cost of out-of-market game subscriptions. According to Bloomberg, the NFL is pushing for either an overturned verdict or a new trial, arguing that the jury’s damages calculation…

Read More

More Top Stories

Live Nation Seeks Dismissal of DOJ Antitrust Allegations
 |  Jul 18, 2024

Attorneys for Live Nation are urging the dismissal of the Department of Justice’s (DOJ) antitrust allegations against the concert promoter. They argue that the company’s use of its amphitheaters does not constitute illegal tying arrangements, asserting that Live Nation has no obligation to allow rival promoters to use the venues…

Microsoft Reaches Agreement with French Tech Giant OVHcloud to Resolve Antitrust Complaint
 |  Jul 18, 2024

Microsoft has reached an agreement with French tech giant OVHcloud to drop its antitrust complaint with European Union regulators. This accord was confirmed to Politco, by two individuals familiar with the negotiations. The settlement comes on the heels of another recent agreement with the cloud group CISPE, effectively reducing the immediate…

Meta Eyes Major Buy in EssilorLuxottica to Boost Smart Glasses Development
 |  Jul 18, 2024

Meta, the owner of Facebook, is exploring a multibillion-euro investment in the eyewear giant EssilorLuxottica. According to sources familiar with the matter, the Silicon Valley company is considering acquiring a small stake in the €87 billion Franco-Italian group. This potential investment comes as Meta seeks to deepen its collaboration with…

Italy Launches Probe into Google Over Alleged Unfair Data Practices
 |  Jul 18, 2024

Italy’s antitrust agency announced on Thursday the initiation of an investigation into Google and its parent company Alphabet, citing alleged unfair commercial practices related to users’ personal data. According to Reuters, the watchdog stated that Google’s consent request for connecting its various services “could constitute misleading and aggressive commercial practice.” The…

UK Government Prioritizes Cautious Approach to AI Regulation in New Legislative Agenda
 |  Jul 17, 2024

The UK’s newly-elected Labour government has announced plans to explore effective regulation of artificial intelligence (AI) models, but has not yet proposed any specific laws. In a speech to open the new session of parliament, King Charles outlined Prime Minister Keir Starmer’s legislative agenda, which includes over 35 new bills…

Thai Billionaire Sarath Ratanavadi to Merge Energy and Telecom Empires in $20.5 Billion Deal
 |  Jul 17, 2024

In a move set to reshape the business landscape in Thailand, billionaire entrepreneur Sarath Ratanavadi announced plans to merge his energy and telecom companies into a single entity valued at approximately $20.5 billion. This strategic consolidation aims to streamline operations and enhance efficiency within his vast corporate empire. Sarath Ratanavadi,…

Japan Fair Trade Commission Investigates Visa Japan for Anti-Monopoly Law Violation
 |  Jul 17, 2024

The Japan Fair Trade Commission (JFTC) has launched an onsite inspection of Visa Worldwide Japan Co. in Tokyo’s Chiyoda Ward, investigating allegations that the company violated the Anti-Monopoly Law. The probe centers on accusations that Visa, the world’s largest international credit card network, pressured credit card companies using its payment…

ByteDance Loses Court Challenge Against EU Gatekeeper Designation
 |  Jul 17, 2024

In a significant development for antitrust regulation, ByteDance, the owner of TikTok, has lost its legal challenge against being designated as a gatekeeper under the European Union’s (EU) Digital Markets Act (DMA). The ruling, delivered by the Luxembourg-based General Court on Wednesday, is a boost for EU regulators aiming to…

Loading...