The Competition and Markets Authority (CMA) have threatened to take enforcement action against Covid test providers after allegations have surfaced of “poor service” which could amount to a breach of consumer protection law.
Facebook purchased Giphy for $400m in 2020. The Competition and Markets Authority (CMA) are now concerned that the merger breaches competition rules.
Google is facing an antitrust lawsuit from 37 US states over “monopolistic” policies on its app store, Google Play.
MPs have called for a “complete reset” of the music streaming industry to give a bigger share of revenue to artists.
The Competition and Markets Authority (CMA) has launched an investigation into the $2bn takeover of American book publishing business Simon & Schuster (S&S) by Penguin Random House (PRH). The concern is that the takeover would make PRH the world’s largest bookseller, in turn stamping out competition between UK booksellers.
Amazon is considering diversifying its market share even further as emerging speculation suggests that the online giant plans to extend its pharmacy business to the UK.
Between 1992-2008, the fees Mastercard charged businesses for accepting payments from consumers in the UK (interchange fees) were too high. Consequently, UK consumers paid higher prices on purchases from businesses that accepted Mastercard. This breach of competition law could entitle 46.2m eligible Britons up to £300 each, making a potential mass consumer claim against the card provider worth just under £14bn.
The comparison website CompareTheMarket has been fined £17.9m for breaching competition law. It has done so by imposing wide “most favoured nation” clauses on insurers, preventing them from advertising cheaper rates elsewhere, and protecting its own site from being undercut by competitors.
Telecom company BT has signed a deal with Ericsson to use their 5G equipment to upgrade its EE mobile network, in a move to ditch reliance on Huawei.
A US congressional report has alleged that Amazon, Apple, Google and Facebook have all participated in anti-competitive business practices in order to quash their competitors.