CVS likely wants FTC antitrust review, not Justice Department, of Aetna deal

WASHINGTON (Reuters) – It is uncertain who in the U.S. government will carry out an antitrust review of CVS Health Corp’s deal to buy health insurer Aetna Inc , but the drugstore company is likely hoping the potentially more lenient Federal Trade Commission gets the nod, antitrust experts say.


Reuters: Business News

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AT&T suit may herald a new antitrust era – or Trumpian pique

NEW YORK (AP) — The Trump administration’s decision to oppose the $ 85 billion AT&T-Time Warner merger may be clouded by suspicions of political influence. But considered on its merits, it could mark a significant departure in antitrust policy, one that might block or modify a broader set of mergers found to harm consumers.
Technology Headlines

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Exclusive: Qualcomm set to win conditional Japanese antitrust okay for NXP deal – source

BRUSSELS (Reuters) – U.S. smartphone chipmaker Qualcomm is set to win “imminent” Japanese antitrust clearance for its $ 38-billion bid for NXP Semiconductors and gain Europe’s approval by the end of the year with slight tweaks to its concessions, a person familiar with the matter said.


Reuters: Technology News

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Apple Settles E-book Antitrust Case With States, Consumers

June 17 (Reuters) – Apple Inc reached an out-of-court settlement with U.S. states and other complainants in an e-book price-fixing class action lawsuit on Monday, effectively avoiding a trial in which the iPad maker faced more than $ 800 million in claims.

U.S. District Judge in Manhattan Denise Cote ordered the parties to submit a filing to seek approval of their settlement within 30 days.

The terms of the settlement, which still needs court approval, have not been revealed.

The U.S. Department of Justice sued Apple and five publishers in April 2012, accusing them of working together illegally to increase e-book prices.

Since then, 33 states and U.S. territories have separately sued Apple on behalf of their consumers, while individual consumers in other states and territories filed a class action lawsuit.

The complainants are seeking up to $ 840 million in damages for e-book customers. The exact amount of damages was to be litigated at a trial scheduled for July 14.

The publishers – Hachette Book Group, HarperCollins Publishers, Penguin Group (USA) Inc, Macmillan and Simon & Schuster Inc, previously agreed to pay more than $ 166 million to settle related antitrust charges.

Last July, a federal court found Apple liable for colluding with the publishers after a separate non-jury trial in a case brought by the U.S. Department of Justice.

Judge Cote found that Apple took part in a price-fixing conspiracy to fight online retailer Amazon.com Inc’s dominance in the e-book market.

Apple is appealing that decision and Monday’s settlement is contingent on the outcome of that appeal.

“As set forth in the memorandum of understanding, any payment to be made by Apple under the settlement agreement will be contingent on the outcome of that appeal,” Steve Berman of Hagens Berman Sobol Shapiro, the plaintiffs’ lead lawyer, wrote in a letter to the judge.

Berman declined to comment on the settlement until the final papers are filed. Kristin Huguet, a spokeswoman for Apple, also declined to comment on the settlement.

The cases are in the U.S. District Court for the Southern District of New York, case no: 11-md-2293 and 12-cv-03394. (Reporting by Supriya Kurane in Bangalore; Editing by Gopakumar Warrier)

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