Competition Bureau News

business1 year ago•1 min saved

Canada Sues Google Over Alleged Online Ad Monopoly

Canada's Competition Bureau is suing Google for allegedly engaging in anti-competitive practices by linking its advertising tools to maintain market dominance and distorting ad auctions. The Bureau has filed an application with the Competition Tribunal to force Google to sell two of its ad tech tools and pay a fine of up to 3% of its global revenue. Google denies the allegations, stating that the complaint overlooks the competitive nature of the ad tech market. This legal action follows similar antitrust challenges faced by Google in the US.

via BBC.com|

#advertising #antitrust #business

business1 year ago•1 min saved

Canada Sues Google Over Alleged Ad Monopoly

Canada's Competition Bureau has filed a lawsuit against Google, alleging anti-competitive practices in the online advertising sector. The bureau seeks an order for Google to divest two ad tech tools and impose a penalty to ensure compliance with Canadian competition laws. Google, which is also facing similar scrutiny in the U.S. and EU, argues that the market is competitive and that its business practices are legitimate. The investigation began in 2020 and expanded this year to include Google's ad tech services.

via Yahoo Finance|

#advertising #antitrust #business

business2 years ago•1 min saved

"Canada's Opposition to Microsoft's Activision Blizzard Buyout Challenges Xbox's Global Merger Plans"

Canada's Competition Bureau has expressed disapproval of Microsoft's planned acquisition of Activision Blizzard, joining the US Federal Trade Commission and the UK's Competition and Markets Authority in questioning the merger. The bureau's lawyer called out the "factual inaccuracies" in Microsoft's claim that all worldwide regulators, except the FTC and the UK's CMA, approve of the deal. The CCB shares concerns about the potential negative impact on competition in gaming consoles and multigame subscription services.

via Push Square|

#activision-blizzard #business #canada

business2 years ago•1 min saved

Canada Raises Concerns Over Microsoft's Activision Blizzard Buyout Amidst Worldwide Regulator Approval

Canada's Competition Bureau has expressed disapproval of Microsoft's planned acquisition of Activision Blizzard, joining the US Federal Trade Commission and the UK's Competition and Markets Authority in questioning the merger. The bureau's lawyer called out the "factual inaccuracies" in Microsoft's claim that all worldwide regulators, except the FTC and the UK's CMA, approve of the deal. The CCB shares concerns about the potential negative impact on competition in gaming consoles and multigame subscription services.

via Push Square|

#activision-blizzard #business #canada

business2 years ago•1 min saved

Canada Expresses Concern Over Microsoft-Activision Merger, PlayStation's Future Uncertain

Canada's Competition Bureau (CCB) has expressed disapproval of Microsoft's proposed merger with Activision Blizzard, citing concerns about potential competition issues in the gaming console and multigame subscription services markets. While major regulators in other regions have supported the merger, Canada's stance is notable as it comes late in the process and the CCB has not taken any preventative actions like the FTC and CMA. Microsoft stated that it will continue to work with regulators worldwide to address any remaining concerns.

via Game Developer|

#activision-blizzard #business #canada

business2 years ago•2 min saved

Canada Bread to pay record $50M fine for bread price-fixing scandal.

Canada Bread has agreed to pay CAD50m ($38m) for its role in a price-fixing scheme, the highest such fine ever imposed by a Canadian court. The company pleaded guilty to four counts of price-fixing dating from the mid-2000s. The Competition Bureau called the fine a "significant milestone" in its ongoing investigation. Canada Bread admitted that it arranged with its competitor, Weston Foods, to raise prices for bread products, resulting in two price increases for fresh bread and baked goods, one in 2007 and another in 2011.

via BBC|

#bread #business #canada