ftc

Amazon Drops Planned 2 Percent Merchant Fee as FTC Lawsuit Looms: Details

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[ad_1] Amazon.com is scrapping a plan to charge merchants who do not use its shipping services an additional fee, a company spokesperson said on Wednesday, signaling that the e-commerce giant was taking a cautious approach to operations amid mounting antitrust scrutiny. Effective October 1, Amazon was planning to impose a new 2 percent fee on … Read more

Activision Blizzard, Microsoft Extend $69 Billion Deal Deadline to October 18

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[ad_1] Activision Blizzard said on Wednesday it has extended the deadline for the close of its $69 billion (roughly Rs. 5,66,200 crore) takeover by Microsoft to October 18 as the companies work to secure approval from the United Kingdom’s antitrust authority. The “Call of Duty” publisher said the companies also agreed to increase the deal termination … Read more

Microsoft Asks London Court for Two-Month Pause of Appeal Over Activision Deal

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[ad_1] Microsoft on Monday asked a London tribunal to pause its appeal against Britain’s block on its $69 billion (nearly Rs. 5,66,100 crore) takeover of Activision Blizzard to give the parties more time to resolve the dispute. Britain’s competition regulator, the Competition and Markets Authority (CMA), in April became the first major regulator to block … Read more

FTC to Appeal Judge’s Ruling That Greenlit Microsoft’s $69 Billion Takeover of Call of Duty Maker Activision

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[ad_1] The US Federal Trade Commission (FTC) said on Wednesday it was appealing a federal judge’s ruling that Microsoft could go forward with its $69 billion purchase of Call of Duty maker Activision Blizzard. Microsoft’s victory in court on Tuesday, and a subsequent climbdown by Britain’s competition authority, brought the tech giant two steps closer … Read more

US FTC Argues Microsoft’s Deal to Acquire Activision Should Be Temporarily Blocked

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[ad_1] The US Federal Trade Commission on Thursday argued in federal court for a preliminary injunction to temporarily block Microsoft’s acquisition of videogame maker Activision Blizzard. “If this deal is completed, the combined company… is likely to have the ability, an incentive, to harm competition in various markets related to consoles, subscription services, and the … Read more

Microsoft’s Satya Nadella, Activision CEO on Witness List for Hearing on FTC Bid to Block Merger

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[ad_1] Microsoft CEO Satya Nadella and Activision Blizzard CEO Bobby Kotick are among the witnesses planned for a five-day evidentiary hearing set to begin this week on the Federal Trade Commission’s legal bid to block the deal, according to a court filing on Tuesday. The FTC is seeking a preliminary injunction to block Microsoft from … Read more

Microsoft to Pay $20 Million to Settle US FTC Charges for Violating Children’s Privacy

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[ad_1] Microsoft will pay $20 million (roughly Rs. 163 crore) to settle US Federal Trade Commission (FTC) charges that the tech company illegally collected personal information from children without their parents’ consent, the FTC said on Monday. The company had been charged with violating the US Children’s Online Privacy Protection Act (COPPA) by collecting personal information … Read more

US FTC Says Amazon Ring Violated Customer Privacy, Announces $5.8-Million Settlement

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[ad_1] A former employee of Amazon’s Ring doorbell camera unit spied for months on female customers in 2017 with cameras placed in bedrooms and bathrooms, the Federal Trade Commission said in a court filing on Wednesday when it announced a $5.8 million (roughly Rs. 47 crore) settlement with the company over privacy violations. Amazon also … Read more