🚀 Medial Secures Investment on Shark Tank India - Fueling the Future of Professional Social Networking. 🔥

Startup Showcase

Premium Content

Try our Valuation Calculator →

News on Medial

FTC Will Sue to Block Tempur Sealy’s Mattress Firm Buy

Livemint

Livemint · 1y ago

FTC Will Sue to Block Tempur Sealy’s Mattress Firm Buy

The US Federal Trade Commission (FTC) has decided to sue Tempur Sealy International in order to block its $4 billion merger with Mattress Firm. The FTC claims that the merger would give the combined company too much power, allowing them to stifle competition and raise mattress prices for consumers. Tempur Sealy has denied these claims and is willing to make changes to address the FTC's concerns. This lawsuit would be a rare challenge to a vertical merger, which involves companies in the same supply chain but not direct competitors.

Related News

US FTC was poised to reject Amazon acquisition of iRobot

Economic Times

Economic Times · 1y ago

US FTC was poised to reject Amazon acquisition of iRobot

The Federal Trade Commission (FTC) was considering rejecting Amazon's $1.4 billion acquisition of robot vacuum maker iRobot due to EU antitrust concerns. However, before the decision was made, Amazon and iRobot announced the abandonment of the deal. The FTC had met with Amazon to discuss their recommendation to sue and block the acquisition, and a final meeting was scheduled before possible approval for a legal challenge.

Amazon’s All-Powerful ‘Buy Box’ Is at the Heart of Its New Antitrust Troubles

Wired · 1y ago

Amazon’s All-Powerful ‘Buy Box’ Is at the Heart of Its New Antitrust Troubles

The US Federal Trade Commission (FTC) has filed an antitrust case against Amazon, alleging that the company illegally monopolizes online shopping. The case revolves around Amazon's Buy Box feature, which the FTC claims is used as an anticompetitive weapon. The Buy Box allows Amazon to manipulate consumers and punish sellers offering lower-priced goods elsewhere. The FTC argues that winning or losing the Buy Box can have a significant impact on a seller's business, and Amazon allegedly rigs the contest in its favor. The government is seeking a federal court injunction to change how Amazon operates its store.

Media Matters sues to block FTC probe over Musk's X boycott claims

Economic Times

Economic Times · 1m ago

Media Matters sues to block FTC probe over Musk's X boycott claims

Media Matters is suing to block a U.S. FTC probe, which the group claims is retaliation for criticizing Elon Musk. The FTC demands communications related to alleged advertising boycotts against Musk's platform, X. Media Matters denies coordinating boycotts and accuses the FTC of impeding its media work. This legal battle stems from accusations by X that Media Matters defamed it, linking ads to extremist content, which Media Matters also denies.

Meta sues FTC over its in-house courts

Livemint

Livemint · 1y ago

Meta sues FTC over its in-house courts

Meta Platforms (owner of Facebook, Instagram, and WhatsApp) has filed a lawsuit challenging the constitutionality of the Federal Trade Commission's (FTC) structure. The company argues that the FTC's use of in-house courts violates due-process guarantees as it serves as both prosecutor and judge. Meta is seeking an injunction to block new restrictions proposed by the FTC, including a ban on monetizing data of children and teens under 18. The FTC is aiming to tighten restrictions on Meta by modifying a previous settlement reached in 2020.

Microsoft wins appeal in FTC challenge to $69 billion Activision Blizzard deal

Economic Times

Economic Times · 3m ago

Microsoft wins appeal in FTC challenge to $69 billion Activision Blizzard deal

A federal appeals court upheld a lower court's decision dismissing the Federal Trade Commission's challenge to Microsoft's $69 billion acquisition of Activision Blizzard. The 9th U.S. Circuit Court of Appeals found the FTC had not demonstrated the merger would restrict competition. The FTC sought to block the deal, arguing it could harm Xbox competitors. The acquisition, the gaming market's largest, was approved after international regulatory scrutiny. Microsoft's response was pending.

Mark Zuckerberg takes stand to defend Meta against antitrust suit

Economic Times

Economic Times · 3m ago

Mark Zuckerberg takes stand to defend Meta against antitrust suit

Mark Zuckerberg appeared in court to defend Meta in an antitrust trial aiming to potentially dismantle the company. The Federal Trade Commission (FTC) claims Meta created a social media monopoly with acquisitions of Instagram and WhatsApp, using a "buy-or-bury" strategy against competitors. Zuckerberg argued Meta still faces competition from platforms like TikTok. A successful FTC case may force Meta to divest its acquisitions, significantly impacting its business operations and altering Silicon Valley merger practices.

Google to destroy browsing data to settle consumer privacy lawsuit

Economic Times

Economic Times · 1y ago

Google to destroy browsing data to settle consumer privacy lawsuit

Google has agreed to settle a lawsuit for secretly tracking the internet use of people who believed they were browsing privately. The settlement, valued at over $5 billion, requires Google to destroy billions of data records. While Google is not paying damages, individual users will retain the right to sue the company for damages. The lawsuit alleged that Google's analytics, cookies, and apps allowed them to track individuals in private browsing mode, compromising their privacy. As part of the settlement, Google will update its disclosures and allow users to block third-party cookies during private browsing sessions.

PremjiInvest-backed The Sleep Company looks to raise Series D funding

VCCircle

VCCircle · 4m ago

PremjiInvest-backed The Sleep Company looks to raise Series D funding

The Sleep Company, an omnichannel mattress firm supported by PremjiInvest and Fireside Ventures, is planning to raise Series D equity funding. This round of funding may potentially provide an exit opportunity for one of its early investors. Based in Mumbai, the company is looking to bolster its growth and market presence in the industry with the new investment.

Serial spyware founder Scott Zuckerman wants the FTC to unban him from the surveillance industry | TechCrunch

TechCrunch · 18d ago

Serial spyware founder Scott Zuckerman wants the FTC to unban him from the surveillance industry | TechCrunch

Scott Zuckerman, banned from the surveillance industry by the FTC in 2021 after a data breach, seeks to lift or modify the ban, arguing it imposes financial burdens. Zuckerman's past involved running spyware apps leaking private data. Critics, like Eva Galperin, oppose his petition, highlighting repeated infractions despite previous FTC orders. The FTC, under Republican oversight, will review the petition, which could impact Zuckerman's ability to re-enter the surveillance industry legally. Public comments are open until August 19.

Amazon wins partial dismissal of US antitrust lawsuit

Economic Times

Economic Times · 10m ago

Amazon wins partial dismissal of US antitrust lawsuit

- Amazon.com Inc has won partial dismissal of a lawsuit by the U.S. Federal Trade Commission (FTC) accusing it of maintaining illegal monopolies - The ruling by a federal court in Seattle on Monday granted partial dismissal, but details of the ruling were not immediately clear - The FTC accuses Amazon of using anti-competitive tactics to maintain dominance among online superstores and marketplaces - Amazon had requested the dismissal, arguing that the FTC had provided no evidence of harm to consumers - Last year, the FTC alleged that Amazon used an algorithm that increased prices paid by U.S. households by over $1 billion, but Amazon claims to have stopped using it in 2019 - The FTC will be allowed to continue pursuing any claims that were not permanently dismissed - The case will be tried in two parts, with the judge rejecting Amazon's request to combine evidence of violations and proposed remedies in the same trial - The case is one of five major antitrust lawsuits against Big Tech companies, including Facebook, Apple, and Google - The FTC Chair, Lina Khan, has been long vocal about challenging the power of Amazon and has previously written about antitrust concerns regarding the company's structure and practices.

Trackers

Active Indian VC’s

OG Capital Email

With a hands-on approach, OG Capital aims to invest in over 20 promising...

Accel Partners Email

Early and growth-stage investments in disruptive technology companies with...

Early-stage venture capital firm investing in technology startups in India. Focus on...

Access All Trackers

Startup Showcase Winners

June 2025

Helping your parents when you are miles away

The Pit Stop Your Cravings Deserve

The next generation E-commerce platform

Enter Ongoing Startup Showcase

Top Users

Trending News on Medial

Download the medial app to read full posts, comements and news.