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☆ Tech M&A has been thwarted by regulators, but dealmakers skeptical that election will change much
▼ + stars: | 2024-09-17 | by ( Jordan Novet | ) www.cnbc.com time to read: +12 min

Amazon abandoned its $1.7 billion purchase of iRobot in January after the FTC and European regulators raised concerns. Since peaking at $1.5 trillion in 2021, tech transaction volume has plummeted, dropping to $544 billion last year, according to Dealogic. Before the company announced its $27 billion purchase of data analytics software company Splunk last September, he said he viewed the risk as absolutely worth taking. Alphabet's last big deal was its $5.4 billion purchase of cybersecurity company Mandiant in 2022. Microsoft closed its massive $75 billion purchase of Activision in October, but it took 20 months and a protracted fight with U.S. and European regulators.

Persons: Lina Khan, Jonathan Kanter, Khan, Joe Biden, Drew Angerer, Biden, Permira, Thoma, Sen, JD Vance, Donald Trump's, Barry Diller, Reid Hoffman, Kamala Harris, Andrew Luh, Gunderson Dettmer, Figma, Dana Rao, Rao, We've, they've, Juniper, Salesforce, Antonio Neri, Pau Barrena, Neri, Sergio Letelier, hasn't, Letelier, Marc Benioff, It's Benioff's, Slack, Benioff, Derek Idemoto, who's, Idemoto, that's, Splunk, HPE's Letelier, it's, Harris, Trump Organizations: U.S . Federal Trade Commission, Justice, Brookings Institution, U.S, Senate, Getty, Google, Amazon, Microsoft, Federal Trade Commission, iRobot, FTC, BlackRock, Thoma Bravo, KKR, Republican, CNBC, Democratic, Trump, Big Tech, Justice Department, DOJ, Apple, Meta, Adobe, European Commission, UK Competition, Markets Authority, Justice Department's Antitrust, Hewlett Packard Enterprise, Mobile World Congress, MWC, AFP, Juniper, Markets, DOJ's Antitrust, European Union, EU, Software, Cisco, Activision, Foreign Investment, Regulators, Bloomberg, Tech Locations: Washington, Europe, Barcelona, Pau, Salesforce, United States

☆ The CEO of $50 billion adtech giant The Trade Desk is calling for Google to be broken up
▼ + stars: | 2024-09-12 | by ( Lara O'Reilly | ) www.businessinsider.com time to read: +5 min

"I've always said The Trade Desk managed to win in an unfair market — imagine what we could do in a fair market." Since its founding in 2009, The Trade Desk — which operates a demand-side platform for advertisers and ad agencies — has grown into an adtech juggernaut. Having debuted on the Nasdaq in 2016, the California-based adtech company now has a market capitalization of almost $50 billion. In it, Google named-checked The Trade Desk as one of those alternative players in the ad market. Green said he found the comparison flattering when Sundar Pichai, in 2022, named TikTok and The Trade Desk as its competitors.

Persons: —, Jeff Green, Green, I've, Sundar Pichai, David, Goliath, Jed Dederick Organizations: Service, US Department of Justice, Google, Business, ExchangeWire's ATS, Trade, US Department of, DOJ, Meta, YouTube, Publishers, CMA, UK's, Markets Authority, Nasdaq, London Locations: London, California, Virginia

☆ DOJ's Kanter on preserving competition: We want existing incumbents to work harder and deliver more
▼ + stars: | 2024-08-13 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailDOJ's Kanter on preserving competition: We want existing incumbents to work harder and deliver moreJonathan Kanter, Assistant Attorney General for Justice Department’s Antitrust Division, joins 'Squawk Box' to discuss the government's battles against corporate giants, fallout from Google's antitrust ruling, DOJ's antitrust fight against Big Tech and healthcare sectors, and more.

Persons: DOJ's Kanter, Jonathan Kanter Organizations: Justice Department’s Antitrust, Big Tech

☆ Read the email to Satya Nadella and Bill Gates that shows Microsoft's CTO was 'very worried' about Google's AI progress in 2019
▼ + stars: | 2024-05-01 | by ( Jyoti Mann | Beatrice Nolan | ) www.businessinsider.com time to read: +3 min

Microsoft's OpenAI investment may have been prompted by concerns over Google's AI progress. In a 2019 email, a Microsoft exec said he was "very, very worried" about Google's AI capabilities. AdvertisementIn 2019, Microsoft became "very, very worried" about Google's AI capabilities, newly unearthed emails show, and that may have been what spurred it to invest in OpenAI. In one lengthy email, Microsoft's chief technology officer Kevin Scott told Satya Nadella and Bill Gates that Google's AI-powered "auto-complete in Gmail" was "getting scarily good." Related storiesIn 2019, Microsoft made an initial $1 billion investment into its now multi-billion partnership with OpenAI.

Persons: —, Kevin Scott, Satya Nadella, Bill Gates, Nadella, Amy Hood, Bard, Scott, OpenAI, BERT Organizations: Microsoft, Google, Service, Department, Business, OpenAI, Bing Locations: OpenAI

☆ Columbia's Tim Wu: TikTok can't be controlled by a country that has violated every internet norm
▼ + stars: | 2024-05-01 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailColumbia's Tim Wu: TikTok can't be controlled by a country that has violated every internet normTim Wu, Columbia University Law School professor and former Biden administration antitrust advisor, joins 'Squawk Box' to discuss China's influence on TikTok, fate of the social media app, DOJ's antitrust case against Google, and more.

Persons: Tim Wu, Biden Organizations: Columbia University Law School, Google

☆ Barry Diller on Truth Social: It's a scam
▼ + stars: | 2024-04-04 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBarry Diller on Truth Social: It's a scamBarry Diller, IAC chairman and senior executive & Expedia chairman and senior executive, joins 'Squawk Box' to discuss Disney's proxy fight win over activist investor Nelson Peltz, Paramount's merger discussion with Skydance, whether TikTok poses a national security threat, DOJ's antitrust lawsuit against Apple, Truth Social, AI regulation, the prospect of a 4-day workweek, and more.

Persons: Barry Diller, Nelson Peltz Organizations: Truth, IAC, Apple

☆ Barry Diller: Sensible for companies to move to a '4 days in office, Fridays flexible' standard
▼ + stars: | 2024-04-04 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBarry Diller: Sensible for companies to move to a '4 days in office, Fridays flexible' standardBarry Diller, IAC chairman and senior executive & Expedia chairman and senior executive, joins 'Squawk Box' to discuss Disney's proxy fight win over activist investor Nelson Peltz, Paramount's merger discussion with Skydance, whether TikTok poses a national security threat, DOJ's antitrust lawsuit against Apple, AI regulation, the prospect of a 4-day workweek, and more.

Persons: Barry Diller, Nelson Peltz Organizations: Sensible, IAC, Apple

☆ Watch CNBC's full interview with IAC chairman and senior executive Barry Diller
▼ + stars: | 2024-04-04 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with IAC chairman and senior executive Barry DillerBarry Diller, IAC chairman and senior executive & Expedia chairman and senior executive, joins 'Squawk Box' to discuss Disney's proxy fight win over activist investor Nelson Peltz, Paramount's merger discussion with Skydance, whether TikTok poses a national security threat, DOJ's antitrust lawsuit against Apple, AI regulation, the prospect of a 4-day workweek, and more.

Persons: Barry Diller Barry Diller, Nelson Peltz Organizations: IAC, Apple

☆ Jon Stewart says Apple asked him not to interview FTC Chair Lina Khan
▼ + stars: | 2024-04-02 | by ( Ashley Capoot | In | ) www.cnbc.com time to read: +1 min

Comedian Jon Stewart said Apple asked him not to interview Federal Trade Commission Chair Lina Khan on a podcast while he was hosting his Apple TV+ show "The Problem With Jon Stewart." "I gotta tell you, I wanted to have you on a podcast, and Apple asked us not to do it, to have you," Stewart told Khan during an episode of "The Daily Show" on Monday. Stewart asked Khan why the company might be "afraid" to have certain conversations out in public. Stewart's comments came nearly two weeks after the Department of Justice sued Apple in a landmark antitrust case. The FTC under Khan has taken similar action against other major tech companies.

Persons: Jon Stewart, Apple, Lina Khan, Stewart, Khan Organizations: Federal Trade, Apple, Department of Justice, DOJ, Apple Watch, FTC, Google, Amazon, Meta, The New York Times Locations: China

☆ Apple's business model is intact & unlikely to be materially impacted by regulation: Toni Sacconaghi
▼ + stars: | 2024-03-25 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailApple's business model is intact & unlikely to be materially impacted by regulation: Toni SacconaghiToni Sacconaghi, Bernstein senior research analyst, joins 'Squawk Box' to discuss EU's probe into Big Tech companies, the DOJ's antitrust lawsuit into Apple, what it means for Apple going forward, and more.

Persons: Toni Sacconaghi Toni Sacconaghi, Bernstein Organizations: Big Tech, Apple

☆ Here's how your iPhone could get worse if the DOJ's antitrust lawsuit succeeds
▼ + stars: | 2024-03-23 | by ( Grace Kay | ) www.businessinsider.com time to read: +7 min

Some critics of the suit believe it could make the iPhone worse, leading to security concerns and a less seamless experience. But is that something that iPhone users really want? The DOJ filed an antitrust lawsuit against Apple on Thursday. AdvertisementFor its part, Apple has argued that the DOJ's lawsuit could pose any number of issues for iPhone users — from security and privacy concerns to a degradation in user experience. A less seamless user experienceThe DOJ's lawsuit could also have a detrimental impact on Apple's signature user experience, according to some experts.

Persons: —, Apple, Jeff Chiu, Tim Cook, Cook, Benedict Evans, Evans, Jennifer Huddleston, Koch, Huddleston, Adam Kovacevich, Dave Lee, Lee, Forrester, Dipanjan Chatterjee, Apple's, Chatterjee, Fortune Organizations: DOJ, Apple, Service, US Department of Justice, AP, Union's, Venture, Cato Institute, Apple Watch, of, Big Tech, Bloomberg

☆ How your iPhone could get better if Apple loses its big legal battle
▼ + stars: | 2024-03-23 | by ( Jordan Hart | ) www.businessinsider.com time to read: +9 min

More smartwatch optionsA Google Pixel Watch and the iPhone don't play as nicely together as an Apple Watch and the iPhone. GoogleIf the Apple Watch isn't your cup of tea, a court loss for the company could make using an alternative watch with the iPhone more seamless. Prosecutors said the Apple Watch depends too much on the iPhone while other smartwatches aren't nearly as compatible with the iOS system. iOS users might have been overcharged for music streaming subscriptions due to the fees placed on app developers by Apple, regulators said. "This lawsuit threatens who we are and the principles that set Apple products apart in fiercely competitive markets," Apple told BI in a statement.

Persons: —, Apple's, you'll, Apple, Jonathan Kanter, Kanter, Riley Testut, Jamie Court, you've, they've, Testut Organizations: Apple, DOJ, Service, US Department of Justice, CNBC, EU's, EU, Epic, Consumer, LA Times, Watch, Apple Watch, Google, Prosecutors, European Commission Locations: EU

☆ Here's how long the Apple vs. DOJ battle could last
▼ + stars: | 2024-03-22 | by ( Camilo Fonseca | ) www.businessinsider.com time to read: +1 min

The DOJ's antitrust lawsuit against Apple could take years to reach a conclusion. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Apple says the lawsuit gets the facts and the law wrong and plans to vigorously defend itself. That legal process, one analyst group predicts, could stretch out years in a worst-case scenario for Apple — but a settlement is more likely. This story is available exclusively to Business Insider subscribers.

Persons: — Organizations: Apple, Service, Business

☆ DOJ launches antitrust probe into UnitedHealth: Here's what to know
▼ + stars: | 2024-02-28 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailDOJ launches antitrust probe into UnitedHealth: Here's what to knowFormer FDA Commissioner Dr. Scott Gottlieb joins 'Squawk Box' to discuss the DOJ's antitrust probe into UnitedHealth, why he believes the moves has been long overdue, and more.

Persons: Scott Gottlieb Organizations: DOJ, FDA

☆ Apple antitrust suit could reportedly come as soon as March
▼ + stars: | 2024-01-17 | by ( Rohan Goswami | In Rohangoswamicnbc | ) www.cnbc.com time to read: +2 min

The Department of Justice is readying an antitrust case against Apple that could come as soon as March, Bloomberg reported Tuesday, pending signoff from senior officials within the DOJ's antitrust division. DOJ and Apple attorneys have met three times over a potential suit, Bloomberg reported, citing people familiar with the matter. Music streaming platform Spotify lodged a competition complaint with European Union in 2019, alleging that Apple's then-mandatory in-app payments system violated antitrust law. Apple has also been mired in civil litigation filed by Fortnite maker Epic Games, hinging on whether Apple's App Store rules violated federal antitrust statues. A federal judge concluded in 2021 that Apple violated a California law but did not run afoul of federal antitrust statues.

Persons: Tim Cook, Donald Trump, Jonathan Kanter, Lina Khan, Apple's, Apple Organizations: Apple, American Workforce Policy, White, The, Justice, Bloomberg, DOJ, DOJ Antitrust, Federal Trade Commission, Google, FTC, Amazon, Meta, Spotify, European Union, Epic, Circuit Locations: Washington , DC, California

☆ Judge blocks JetBlue-Spirit merger after DOJ's antitrust challenge
▼ + stars: | 2024-01-16 | by ( Leslie Josephs | ) www.cnbc.com time to read: +1 min

LaGuardia International Airport Terminal A for JetBlue and Spirit Airlines in New York. A federal judge blocked JetBlue Airways ' purchase of budget rival Spirit Airlines after the Justice Department sued to stop the merger, alleging it would drive up fares for some of the most price-sensitive consumers. "JetBlue plans to convert Spirit's planes to the JetBlue layout and charge JetBlue's higher average fares to its customers," U.S. District Court Judge William Young wrote in his decision. "The elimination of Spirit would harm cost-conscious travelers who rely on Spirit's low fares." Spirit shares plunged after the ruling and were down more than 50%, while JetBlue's stock gained about 5%.

Persons: JetBlue's, William Young Organizations: LaGuardia, JetBlue, Spirit Airlines, JetBlue Airways, Justice Department, DOJ Locations: New York, Delta, U.S

☆ Tenants and a top prosecutor have accused major landlords and a popular apartment-pricing site of colluding to inflate rents. A legal expert says it shows algorithmic collusion is no longer 'science f
▼ + stars: | 2023-11-15 | by ( Eliza Relman | ) www.businessinsider.com time to read: +7 min

download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementYou're probably aware that a severe housing shortage has driven rents and home prices through the roof in recent years. Now, several lawsuits filed across the country contend that the algorithmic software some big landlords use to determine rents has artificially inflated prices. This allegation is unusual, given that RealPage doesn't have any market power over its clients, Stucke said. AdvertisementProsecutors also allege that RealPage monitors the rents that its clients charge and disciplines landlords who don't adhere to its recommendations.

Persons: —, Brian Schwalb, RealPage, They're, Maurice Stucke, RealPage didn't, Axios, Department —, Donald Trump —, Steve Winn, ProPublica, Stucke Organizations: Service, University of Tennessee, DOJ, The, Department, Prosecutors, Department of Justice, Democratic, Federal Trade Commission, Computer Locations: Washington, DC, RealPage, Texas, Seattle , New York, Boston, Colorado, Nashville

☆ The Big Yawn: You really think the FTC will win against Amazon?
▼ + stars: | 2023-09-27 | by ( Alistair Barr | ) www.businessinsider.com time to read: +7 min

Insider has asked Apple, Google and Amazon for comment on various antitrust allegations in the past. But consumers don't pay for Google Search. The results of a Google search Alistair Barr/Insider/GoogleThe Amazon situation is similar. Marketpulse estimated earlier this year that Amazon sellers pay more than 50% of their revenue to Amazon in fees now. The results of an Amazon search Alistair Barr/Insider/AmazonEven Apple does this in its App Store.

Persons: —, Mark Schlisky, didn't, Lina Kahn, haven't, Vail, Alistair Barr, superstores, Burton Organizations: FTC, Amazon, DOJ, Google, Apple, Service, Bernstein, Big Tech, Ikon, Epic's, Epic, Vail Resorts

☆ Apple's Eddy Cue testifies in DOJ's antitrust case against Google
▼ + stars: | 2023-09-26 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailApple's Eddy Cue testifies in DOJ's antitrust case against GoogleCNBC's Steve Kovach reports on the latest news from Apple's team in the antitrust case for Google.

Persons: Steve Kovach Organizations: Google

☆ Insider Today: Big Tech goes on trial
▼ + stars: | 2023-09-12 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +10 min

Speaking of Big Tech, it's a big day for the industry as the DOJ's antitrust trial against Google starts today. It's also a strategy the Department of Justice argues is "anticompetitive and exclusionary" in a landmark trial for Big Tech kicking off today. The trial is the biggest to hit the tech industry since the government sued Microsoft in the late 1990s. AdvertisementAdvertisementMore broadly, the case is a bellwether for how the government could argue future cases against Big Tech companies in the modern era. Each case is unique, but their focus on monopolistic behavior means the Google trial could set precedents followed by both sides.

Persons: Tayfun, it's, there's, you'll, It's, Hugh Langley, Kent Walker, Hugh, Walker, Chelsea Jia Feng, Henry Farrell, Abraham Newman's, Walter Wriston's, Gil Perez, Jamie Dimon, JPMorgan doesn't, Dimon, Elon, Franz von Holzhausen, Musk, Walter Isaacson, Yossakorn Kaewwannarat, VCs, they're, Nicki Minaj, Shakira, Beyoncé, Karol G, Frances Tiafoe, Austin Krajicek, Mackenzie McDonald, Tommy Paul, Rajeev Ram, Dan DeFrancesco, Naga Siu, Hallam Bullock, Lisa Ryan Organizations: Service, Big Tech, Google, Anadolu Agency, Getty, Department of Justice, DOJ, Microsoft, Apple, Federal Trade Commission, Amazon, Meta, Deutsche, JPMorgan, Street, Workers, Gallup, Startup, MTV, Team, Amtrak Locations: Wall, Silicon, Chelsea, New York City, San Diego, London, New York

☆ Fmr. Rep Barbara Comstock talks the DOJ's antitrust suit against Google
▼ + stars: | 2023-09-11 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFmr. Rep Barbara Comstock talks the DOJ's antitrust suit against GoogleHosted by Brian Sullivan, “Last Call” is a fast-paced, entertaining business show that explores the intersection of money, culture and policy. Tune in Monday through Friday at 7 p.m. ET on CNBC.

Persons: Rep Barbara Comstock, Brian Sullivan, “ Organizations: Rep, Google, CNBC

☆ Teva to pay $225 million in fines and divest generic drug to resolve price-fixing charges
▼ + stars: | 2023-08-21 | by ( Annika Kim Constantino | ) www.cnbc.com time to read: +3 min

Drugmaker Teva Pharmaceuticals agreed to pay $225 million in criminal fines over five years and divest its version of a generic cholesterol drug to resolve charges related to price-fixing on that medication and other widely used treatments, the Department of Justice announced Monday. Teva, in a press release Monday, said it will pay $22.5 million each year from 2024 through 2027, and $135 million in 2028. Glenmark Pharmaceuticals will pay $30 million to resolve similar charges. Since 2020, the DOJ's antitrust division has charged five other pharmaceutical companies for participating in similar schemes affecting several generic drugs. Teva has also agreed to donate $50 million worth of two generic drugs affected by price-fixing to humanitarian organizations that provide medications to Americans in need.

Persons: Drugmaker, Teva, Jonathan Kanter, Glenmark, Apotex Organizations: Drugmaker Teva Pharmaceuticals, Department of Justice, Glenmark Pharmaceuticals, Antitrust Division, DOJ, Eastern District of Pennsylvania, Apotex Corp Locations: Eastern District

☆ DOJ orders Teva and Glenmark to pay millions in fines in drug price fixing settlment
▼ + stars: | 2023-08-21 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailDOJ orders Teva and Glenmark to pay millions in fines in drug price fixing settlmentCNBC's Bertha Coombs joins 'Closing Bell Overtime' with breaking news on the DOJ's antitrust agreement involving Teva and Glenmark.

Persons: Teva, Glenmark, Bertha Coombs

☆ Visa's pricing of token technology under DOJ probe - Bloomberg News
▼ + stars: | 2023-08-16 | by ( ) www.reuters.com time to read: +1 min

[1/2] Visa credit and debit cards are seen in this picture illustration taken August 2, 2022. The DOJ's antitrust probe against Visa, which began in early 2021, is investigating if the company uses anticompetitive practices in the debit card market. The DOJ declined to comment and Visa did not immediately respond to a Reuters request for comment. Mastercard also disclosed in April that it was being asked to provide additional information by the DOJ. In 2019, Visa had settled a European Union antitrust probe relating to card fees.

Persons: Benoit Tessier, Pritam Biswas, Pooja Desai Organizations: REUTERS, U.S . Department of Justice, Bloomberg, Visa, DOJ, Mastercard, U.S . Federal Trade Commission, Union, Thomson Locations: United States, Bengaluru

☆ With the DOJ looming, a post-earnings move higher for this tech giant means 'we have to trim'
▼ + stars: | 2023-07-25 | by ( Paulina Likos | ) www.cnbc.com time to read: +5 min

"Having Google win this ad tech case would reinforce the difficulty the government will have limiting tech platforms," Gallant said. Elsewhere, the European Commission is bringing a similar antitrust case against Google's ad tech business in the European Union. Bottom line At the Club, we're focused on the DOJ case because we have a significant position in Alphabet. Given the uncertainty around the antitrust case, if Alphabet stock moves higher post earnings Tuesday, we'll look to scale back our position in order to protect the broader portfolio. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

Persons: Jim Cramer, Jim, Jonathan Kanter, Paul Gallant, Cowen, Gallant, Biden, we're, Jim Cramer's, Tayfun Organizations: U.S . Department, Big Tech, Nvidia, Biden administration's, Department, Google, DOJ, CNBC, European, European Union, The, Anadolu Agency, Getty Locations: U.S, View , California, United States

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