Bloomberg
FTC’s Khan Overruled Staff to Sue Meta Over VR App Deal (Bloomberg)
Submitted by benton on Fri, 07/29/2022 - 13:37Tech Antitrust Bill Threatens to Break Apple, Google’s Grip on the Internet (Bloomberg)
Submitted by benton on Wed, 07/27/2022 - 06:35Eutelsat, OneWeb Agree $3.4 Billion Deal to Rival SpaceX
Eutelsat Communications SA and OneWeb Ltd. are set to combine in an all-share deal valuing the UK satellite operator at $3.4 billion, a step toward creating a European champion to rival the likes of Elon Musk’s SpaceX. OneWeb shareholders will hold 50% of Eutelsat, which will continue to be listed in Paris and will ask to be listed on the London Stock Exchange. Both the UK and French governments have stakes in OneWeb and Eutelsat respectively, and the UK will continue to own a special share, giving it certain veto rights over strategic decisions such as the location of the firm’s headquart
Altice USA Considers Selling Suddenlink for Up to $20 Billion (Bloomberg)
Submitted by Grace Tepper on Fri, 07/22/2022 - 16:20Apple spent a record amount on lobbying in the first half of 2022 (Bloomberg)
Submitted by benton on Fri, 07/22/2022 - 06:32Amazon Breaks Lobbying Record Amid Antitrust Fight (Bloomberg)
Submitted by benton on Thu, 07/21/2022 - 06:17Wireless Price Hikes Fatten Profits for Phone Carriers With Few Risks
Millions of wireless customers are opening recent phone bills to find AT&T and Verizon raised rates on older service plans. Both Verizon, and to a lesser degree T-Mobile US Inc, have also increased monthly fees. While customers aren’t happy about it, they’re not racing for the exits. And that could pay off for the carriers. “[Telecom companies] want to use this inflationary period to reset their pricing models upward,” said Tammy Parker, an analyst with GlobalData.