Watch out Google, the Federal Trade Commission is on your tail. The FTC is set to serve Google with civil subpoenas as part of a large-scale antitrust investigation, the Wall Street Journal reports.
The U.S. Justice Department’s antitrust authorities have approved Google’s $900 million bid for 6,000 Nortel patents, according to a Wall Street Journal report on Wednesday. The auction will take place June 20 and will likely change the legal landscape for tech companies.
Google said that it is being investigated by the Department of Justice and has set aside $500 million from its first quarter income for a potential settlement of the case.
Larry Page takes over Monday as chief executive of Google, one of the most successful tech companies of all time. As co-founder, Page has been instrumental in the company’s success from the very start. But the company must overcome a number of challenges in the years ahead, if it is to be all it can be.
How the tables have turned. Microsoft, a company that is no stranger to regulator scrutiny, is planning to file an antitrust complaint against Google in Brussels today, the New York Times reports.
AT&T President Ralph De La Vega assured AllThingsDigital in an interview that its $39 billion acquisition of T-Mobile makes a lot of sense. Of course he’s going to say that.
Here’s the first clue that AT&T knows that its going to run into trouble with antitrust regulators over its purchase of T-Mobile: In its press release on the $39 billion deal, AT&T said, “The U.S. wireless industry is one of the most fiercely competitive markets in the world and will remain so after this deal.”
Is Google getting too big?
In the latest blow to Google’s ever-expanding online ambitions, the European Commission, the executive body of the European Union, has opened an antitrust investigation into Google’s practices in online advertising. According to allegations made by Microsoft‘s German subsidiary Ciao.de, British price comparison site Foundem, and French legal search specialist Ejustice, Google has discriminated against competitors by placing their links lower in search results than its own services, thus abusing its dominant position in online search.
The U.S. Justice Department has struck down agreements that prevented some of the largest tech companies in the world from poaching employees from each other in a settlement today that included heavy hitters like Google, Intel and Apple.