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[ad_1] The US Federal Trade Commission (FTC) is expected to open an in-depth probe on Wednesday of Qualcomm’s purchase of Israeli auto-chip maker Autotalks, Politico reported on Tuesday, citing people familiar with the matter. In May, Qualcomm had said it would acquire Israel’s Autotalks, a maker of chips used in crash-prevention technology in vehicles, but … Read more
[ad_1] Amazon.com is set to meet next week with the US Federal Trade Commission (FTC) ahead of a potential long-awaited antitrust lawsuit against the retailer, according to a source familiar with the matter. The FTC began probing Amazon during former President Donald Trump’s administration when the government decided to investigate Amazon, Google, Facebook, and Apple … Read more
[ad_1] The US Federal Trade Commission official on Thursday withdrew the agency’s case before an in-house judge that sought to block Microsoft’s $69 billion (roughly Rs. 5,66,200 crore) acquisition of game-maker Activision. The agency has been pursuing a two-pronged attack against the proposed transaction. One was in district court, which refused last week to slap … Read more
[ad_1] The US Federal Trade Commission has opened an investigation into OpenAI, the maker of ChatGPT, on claims it has run afoul of consumer protection laws by putting personal reputations and data at risk, the Washington Post reported on Thursday. The reported move marks the strongest regulatory threat to the Microsoft-backed startup that kicked off … Read more
[ad_1] US Federal Trade Commission Chair Lina Khan is set to testify on July 13 before the House Judiciary Committee led by Republicans who have sharply criticized her leadership of the antitrust enforcement agency, the committee, and commission confirmed on Friday. This will be her first appearance before the committee since Republicans assumed control. Republicans … Read more
[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
[ad_1] The US Federal Trade Commission will file an injunction blocking Microsoft’s acquisition of Activision Blizzard, a source familiar with a planned court filing said on Monday. Microsoft is seeking to acquire the Call of Duty videogame maker in a $69 billion (nearly Rs. 5,68,800 crore) deal. The EU approved the Activision deal in May, … Read more