The Antitrust Week In Review
Here are some of the developments in antitrust news this past week that we found interesting and are following.
U.S. probing Comcast’s role in ‘spot’ cable ad sales market. The U.S. Department of Justice is investigating whether Comcast Corp, the biggest U.S. cable TV provider, is blocking competition in cable advertising sales, according to a source. The DOJ’s Antitrust Division reportedly has sent civil investigative demands to video distribution companies in an effort to discover whether Comcast was seeking to dominate the “spot” cable ad sales business in areas where Comcast offers service. The spot cable advertising market has been estimated to be worth $5.4 billion nationally.
Microsoft settles suit tied to compliance with EU antitrust case. Microsoft has settled a lawsuit stemming from a costly violation of its agreement with European Union antitrust regulators to offer consumers the option of using other companies’ Web browsers. A federal judge in Seattle this given preliminary approval to a settlement between Microsoft shareholders and the company that will create an office responsible for monitoring the company’s compliance with antitrust regulations. Microsoft will establish an Antitrust Compliance Office to oversee compliance with any EU or U.S. antitrust matters, and dedicate up to $42.5 million over a five-year period to funding the effort.
Ball offers to sell 11 plants in bid for EU Okay for Rexam Buy-Sources. U.S. drinks can maker Ball Corp is ready to sell 11 plants in Europe in a bid to convince European Union antitrust regulators to approve its 4.43 billion pound offer for British peer Rexam, according to sources. The world’s two largest beverage can makers reportedly want to merge to better manage capital spending and cut costs. However, the European Commission fears the deal would push up prices for companies and consumers.
Categories: Antitrust Enforcement, Antitrust Litigation, International Competition Issues