The move comes a week after a federal judge granted a preliminary injunction in an antitrust suit that challenges NCAA rules against recruiting inducements, saying they inhibit athletes’ ability to cash in on their celebrity and fame.
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Kroger announced its plan to acquire Albertsons for $20 billion in mid-October. Together, the companies would control about 13% of the U.S. grocery market.
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The judge issued a brief ruling Monday, agreeing with the Justice Department that the joining of two of the world’s biggest publishers could “lessen competition” for “top-selling books.”
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The National College Players Association is accusing those involved with the governing body of violating antitrust laws by capping compensation for athletes.
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Justice Department lawyers who argued that a radical shake-up is needed to promote a free and fair market, while Google’s legal team argued that only minor concessions are needed.
Google has already vowed to appeal the ruling that branded its search engine as a monopoly, a step it can’t take until the judge orders a remedy.
The heart of the dispute is Apple and Google’s estimated $20 billion-a-year deal that makes Google the default offering for queries in Apple’s included browser.
The government’s latest proposal was filed two-and-half weeks after a federal judge ruled that Google’s lucrative digital ad network has been improperly abusing its market power to stifle competition.
The drama will unfold in a Washington, D.C., courtroom during the next three weeks during hearings that will determine how the company should be penalized for operating an illegal monopoly in search.
Google has been branded an abusive monopolist by a federal judge for the second time in less than a year, this time for illegally exploiting some of its online marketing technology.
Meta CEO Mark Zuckerberg testified in federal court on Wednesday that he bought Instagram and WhatsApp because he saw value in the companies—not to take out competitors, as the FCC alleges.
The email was shown Tuesday on the second day of an antitrust trial alleging Meta illegally monopolized the social media market.
Meta isn’t the only technology company in the sights of federal antitrust regulators, Google and Amazon face their own cases.
Southern Glazer’s Wine and Spirits distributes one out of every three bottles of wine and spirits in the U.S. and serves commercial customers such as Total Wine, Costco and Kroger.
Kroger and Albertsons in 2022 proposed what would be the largest grocery store merger in U.S. history. But the Federal Trade Commission sued earlier this year, seeking to block the $24.6 billion deal.
Indiana has joined 10 other states in bringing a lawsuit against three of the world’s largest investment companies, with Attorney General Todd Rokita alleging the firms are illegally conspiring to manipulate energy markets.
The proposed breakup filed late Wednesday by the U.S. Department of Justice calls for sweeping punishments that would include a sale of Google’s industry-leading Chrome web browser.
The Federal Trade Commission is preparing to send a demand for documents and other records to Microsoft as it investigates alleged alleged anticompetitive practices, according to a person familiar with the investigation.
The Federal Trade Commission lawsuit accusing Facebook owner Meta of holding an illegal monopoly over social media.
The government’s case alleges Google has built and maintained an illegal monopoly that restricts choices and inflates costs for online publishers and advertisers.
The Federal Trade Commission argues the deal would eliminate competition and lead to higher food prices for already struggling customers.
Before a panel of three judges at a federal appeals court, attorneys for the two sides—and content creators—were pressed on their best arguments for and against the law that forces the two companies to break ties by mid-January or lose one of their biggest markets in the world.
The Justice Department, joined by a coalition of states, and Google each made opening statements Monday to a federal judge who will decide whether Google holds a monopoly over online advertising technology.
The Federal Trade Commission contends the $24.6 billion deal would eliminate competition and lead to higher food prices for already struggling customers.
