European Commission Approves Verizon’s Proposed Buyout of Yahoo, Given Their ‘Moderate Market Positions’

The European Commission has given the thumbs up to Verizon’s proposed acquisition of beleaguered web portal Yahoo. Delivered a day ahead of the deadline, the EU panel on mergers and takeovers said on Wednesday that Verizon’s purchase Yahoo “would not raise any competition concerns given the companies’ moderate market positions, the limited increments brought by the proposed transaction and the presence of a number of strong players providing such services.”

Sourced from: www.billboard.com

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Russian court rejects Google’s Android appeal

Google has failed in its latest attempt to appeal against a Russian competition over its mobile operating system.

The ruling had criticised Google for requiring smartphone makers to pre-load several of its apps alongside its Android OS.

Google had challenged the decision on the basis manufacturers could develop their own versions of Android or pre-install other apps of their choosing.It now faces a 438m rouble ($6.8m; £5.2m) fine.

Sourced from: www.bbc.com

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Egypt antitrust watchdog upholds charges against Oriental Weavers: Official – Economy – Business – Ahram Online

Oriental Weavers will be investigated by prosecution for violations before 2012, antitrust authority official says in response to statement issued by the carpet maker on Wednesday denying any current monopolistic practices…

Sourced through Scoop.it from: english.ahram.org.eg