The Antitrust Week In Review
Here are some of the developments in antitrust news this past week that we found interesting and are following.
Swift Opposition to Resurrection of AT&T Giant. Over three decades ago, such was AT&T’s monopoly over the nation’s communications networks that the government forcefully shattered its empire. Now, as one of its successors again seeks a formidable business empire by buying Time Warner, lawmakers, analysts and advocacy groups are closely watching to see if the union, or any that follow in its wake, poses harm to consumers. Reaction to AT&T’s $85.4 billion purchase was swift — and, outside of Wall Street, full of skepticism.
Italy Antitrust Agency Probes WhatsApp Messaging Service. Italy’s antitrust watchdog said on Friday it had opened a probe into whether messaging service WhatsApp obliged users to agree to sharing personal data with its parent company Facebook and imposed “unfair” conditions on users. WhatsApp said in August it would start sharing phone numbers with the social network, prompting European regulators to declare they would put the matter under close scrutiny. The Italian agency said it was investigating whether the WhatsApp application had led users to believe they would have not been able to continue using it unless they agreed to terms and conditions including the sharing of personal data.
Qualcomm Must Woo EU Antitrust Foes to Win Blessing for NXP. Qualcomm Inc., locked in a lengthy fight with the European Union over antitrust fines, must woo the same regulator to win clearance for its $47 billion-dollar takeover of NXP Semiconductors NV. The bid for NXP is the largest transaction in the history of the semiconductor industry, requiring approval from the European Commission, the EU’s competition watchdog, and other global merger authorities. For Qualcomm, it will mean going cap in hand to Brussels to get its deal through just as it fights two EU antitrust cases that could lead to possible fines as soon as next year.
Gazprom Putting ‘Final Touch’ to EU Antitrust Deal. Gazprom is finalizing a deal with European Union regulators to end a five-year antitrust case and avoid fines, signaling a thaw in business relations between Moscow and Brussels despite tensions over Ukraine and Syria. The Russian state gas exporter, which supplies a third of the EU’s gas, has been on the European Commission’s radar since 2012, culminating in charges last year that it overcharged customers in eastern and central Europe and blocked rivals. Since then, Gazprom has offered concessions aimed at staving off a potential fine of up to 10 percent of its global turnover.
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