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Big Tech's acquihire deals face regulatory scrutiny, outgoing EU antitrust official says - The Economic Times
Economic Times
·
18h ago
Medial
The European Union is planning stricter regulations for Big Tech's "acquihire" deals, where tech giants hire talent from startups. These practices are seen as ways to bypass antitrust rules. Outgoing EU antitrust head Olivier Guersent encourages national agencies to investigate such deals. The EU is using call-in provisions for better scrutiny. Acquihires can be seen as mergers, impacting effective competition, prompting the EU to push national regulators for proactive measures.
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Google says discord over search results is unresolved; risks EU antitrust fine - The Economic Times
Economic Times
·
23d ago
Medial
Google recently failed to resolve disagreements with hotels, airlines, and search services over its search result presentation, risking an EU antitrust fine. At a workshop, Google proposed solutions to address charges of unfairly prioritizing its services like Google Shopping. Options included giving vertical search services top page visibility, but critics argue they cement Google’s dominance and mislead consumers. The EU's Digital Markets Act aims to curb Big Tech's power, with potential significant fines for violations.
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Nvidia takes EU antitrust regulators to court for probing AI startup Run ai bid
Economic Times
·
5m ago
Medial
Nvidia has filed a lawsuit against EU antitrust regulators, challenging their decision to evaluate its acquisition of AI startup Run:ai. This follows last year's approval of the deal, which was subject to scrutiny after Italy raised concerns. The lawsuit cites a court ruling limiting EU power over minor deals, highlighting Nvidia's contention over the EU's Article 22, which allows scrutiny of small acquisitions. A favorable ruling for Nvidia could limit future regulatory actions on minor mergers.
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EU probes Musk's xAI buyout of X: Bloomberg News report
Economic Times
·
1m ago
Medial
Elon Musk's $33 billion acquisition of xAI has drawn scrutiny from the European Union, investigating potential violations of the Digital Services Act. The EU is particularly focused on the corporate structure of X, following its acquisition. If breaches are found, X could face fines up to 6% of global turnover. Previously, EU antitrust regulators identified X's paid verification as potentially misleading. The EU's investigation is ongoing, and penalties may still be delayed.
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Meta to halt political advertising in EU from October, blames EU rules - The Economic Times
Economic Times
·
7d ago
Medial
Meta Platforms will halt political, election, and social issue advertising in the EU from early October, citing legal uncertainties due to new EU rules targeting transparency in political advertising. These regulations, effective October 10, demand clear labeling of political ads or face fines. This move aligns with Google’s similar decision and highlights Big Tech’s resistance to EU regulations meant to combat disinformation and increase accountability. EU legislation also probes companies like Meta for compliance under the Digital Services Act.
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EU antitrust chief Vestager to hold press conference, big tech likely in focus
Economic Times
·
1y ago
Medial
EU antitrust chief Margrethe Vestager and EU industry chief Thierry Breton will hold a joint press conference to announce investigations into potential breaches of the Digital Markets Act (DMA) by Big Tech companies.
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Google has an illegal monopoly on search, US judge finds
Economic Times
·
12m ago
Medial
A US judge has ruled that Google violated antitrust laws by creating an illegal monopoly as the default search engine. This marks a significant victory for federal authorities in their fight against Big Tech's market dominance. The ruling opens the path for a second trial to determine potential remedies, including the possibility of breaking up Google's parent company, Alphabet. The case highlights the growing scrutiny on the power of tech giants, with Google controlling around 90% of the online search market and 95% on smartphones. The legal battle could continue for several years with potential appeals.
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AI deals between Microsoft and OpenAI, Google and Samsung, in EU crosshairs
Economic Times
·
1y ago
Medial
The European Union (EU) may launch an antitrust investigation into Microsoft's collaboration with OpenAI due to concerns over exclusivity clauses, while Google's AI deal with Samsung is also under scrutiny. EU regulators are seeking additional perspectives to understand the potential negative impact on competitors. This highlights worldwide unease about tech giants leveraging their dominance in the AI sector. EU competition chief, Margrethe Vestager, has sent information requests to major tech companies regarding their AI partnerships. Microsoft's partnership with OpenAI will not be subject to EU merger rules, but concerns persist regarding Big Tech blocking smaller AI developers. Google's arrangement with Samsung is also being examined, as are acqui-hires, where one company acquires another primarily for talent.
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Donald Trump admin to press ahead with Amazon, Meta antitrust cases
Economic Times
·
5m ago
Medial
The Trump administration will continue its antitrust cases against Amazon and Meta, with Federal Trade Commission Chair Andrew Ferguson affirming ongoing efforts to address Big Tech's market dominance. Despite speculations of a shift due to Trump's ties with tech leaders, such as Meta's Mark Zuckerberg and Amazon's Jeff Bezos, the administration remains committed to robust antitrust enforcement. Moreover, public inquiries into tech platforms' content restrictions are being launched, alongside considerations for reforming Section 230.
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Microsoft's OpenAI partnership could face EU antitrust probe, sources say
Livemint
·
1y ago
Medial
Microsoft's investment of $13 billion in OpenAI could face an antitrust investigation from the European Union (EU), as regulators are gathering evidence to determine if the partnership restricts competition within the EU internal market or if Microsoft's market power distorts the market through certain practices. The EU antitrust regulator has reportedly decided not to investigate the partnership under EU merger rules but may still opt for an antitrust investigation. Microsoft has a non-voting position on the OpenAI board and claims no ownership of the ChatGPT maker. The investigation is still in its early stages and no decision has been made.
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EU antitrust chief Vestager to hold press conference, big tech likely in focus
Reuters
·
1y ago
Medial
EU antitrust chief Margrethe Vestager and EU industry chief Thierry Breton are set to hold a joint press conference to announce investigations into potential breaches of the Digital Markets Act (DMA) targeting Big Tech companies. The press conference will take place at 1000 GMT.
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