Here are some of the developments in antitrust news this past week that we found interesting and are following.
Ramen price-fixing class action headed for U.S. trial. A federal judge in San Francisco has refused to dismiss antitrust class action litigation accusing two big South Korean ramen producers of conspiring to fix prices in the United States, clearing the way for a trial. U.S. District Judge William Orrick on Thursday rejected efforts by market leader Nongshim Co. and Ottogi Corp. to dismiss claims brought by food retailers and distributors, and by consumers in 23 U.S. states and Washington, D.C.
Google Extends Commitments Stemming From U.S. Antitrust Case. Alphabet Inc.’s Google said it will extend commitments made five years ago to U.S. antitrust officials related to how developers use its advertising platform and the scraping of third-party content in search results. The internet search giant said in a blog post that it will continue the practices that were about to expire, saying they provide “additional flexibility” to developers and web sites.
Can Disney’s Bid for Fox Overcome Antitrust Concerns? The Walt Disney Co. is acquiring most of the assets of 21st Century Fox for $52.4 billion in stock, or $66.1 billion after the assumption of debt, creating a content behemoth that will have the power to reshape the sports and entertainment landscapes. Their combined heft will give them even more leverage over cable companies and internet service providers while strengthening their online video streaming services, according to experts at Wharton and elsewhere.