Google Has Until October 31 to Reply to EU’s Android Antitrust Charges

Google Has Until October 31 to Reply to EU's Android Antitrust Charges

HIGHLIGHTS

  • Google was accused of its Search and Android dominance
  • The initial date to respond to the charges was July 27
  • Google may lose around $7.4 billion as fine against charges

Alphabet’s Google has been given until the end of October, the fourth extension, to rebut EU antitrust charges that it uses its dominant Android mobile operating system to block competitors, the European Commission said on Monday.

The Commission in April said the US technology giant’s demand that mobile phone makers pre-install Google Search and the Google Chrome browser on their smartphones to access other Google apps harms consumers and competition.

The EU watchdog had initially set a July 27 deadline for Google to respond to the charges. This had been extended three times at the company’s request, with the previous deadline Sept. 20.

The new deadlines are October 31 for the Android case and October 26 and October 13 for cases relating to online search advertising and shopping.

In the shopping case, Google has been accused of favouring its shopping service over those of rivals in internet search results while the AdSense case centres on the company’s measures which block competitors in online search advertising.

“In each of these cases, Google asked for additional time to review the documents in the case file. In line with normal practice, the Commission analysed the reasons for the request and granted an extension allowing Google to fully exercise its rights of defence,” Commission spokesman Ricardo Cardoso said in an email.

The EU antitrust enforcer intends to hit the company with deterrent fines in the Android and shopping cases, according to charge sheets seen by Reuters.

Google can be fined up to $7.4 billion (roughly Rs. 49,684 crores), or 10 percent of its global turnover, for each case if found guilty of breaching EU rules.

[“source-ndtv”]

Foxconn Gets Green Light From China’s Antitrust Regulator for Sharp Deal

Foxconn Gets Green Light From China's Antitrust Regulator for Sharp Deal

Taiwanese tech giant Hon Hai said antitrust authorities in China had approved its takeover of ailing Japanese electronics maker Sharp, clearing the last obstacle to the drawn-out deal.

The purchase, which was supposed to close last month, has reportedly been held up by China – one of the countries that was reviewing the deal over concerns that it could lead to a monopoly on LCD screens.

Hon Hai gains Sharp’s cutting-edge LCD panel technologywith the $3.5-billion buyout, giving it a 66 percent controlling stake.

“Our application for antitrust review in various regions is completed,” the company said in a statement to the Taiwan stock exchange late Thursday.

“Both sides will carry out the handover procedures as soon as possible according to the contract,” it said.

The announcement fulfills an ambition of Hon Hai founder Terry Gou, whose firm first pursued Sharpfour years ago.

Gou’s company – also known as Foxconn – is the world’s biggest electronics supplier, with Apple a key customer for smartphone components.

But the smartphone giant is squeezing its suppliers as sales of its iPhones slow, dropping 15 percent last quarter year-on-year.

Hon Hai shares slumped in Taipei Friday on weaker-than-expected quarterly earnings.

“From the results, we can see that Apple is pressuring its supply chain on prices,” Fubon analysts led by Arthur Liao said in a note.

Hon Hai said Thursday that its net profit dropped 31 percent to TWD 17.7 billion ($565 million) in the April-June period, the third straight quarterly decline.

It missed the TWD 24.6 billion estimate by analysts polled by Bloomberg News.

Shares slumped 3.69 percent Friday. underperforming the benchmark index.

Analysts are expecting better performance in the third quarter, when Apple’s new iPhone 7 series is rumoured to be launched.

Tags: Apple, Foxconn, Home Entertainment, Hon Hai, Laptops, Mobiles, PC, Sharp, Tablets, iPhones

 

[“Source-Gadgets”]

Amazon Japan Offices Raided in Antitrust Case: Report

Amazon Japan Offices Raided in Antitrust Case: Report

Japan’s fair trade watchdog raided the offices of AmazonJapan over allegations that it improperly pressured retailers that sold products on its site, local media said Monday.

The Japanese unit of the US-based internet retailer forced conditions such as requiring retailers to sell products below the price they advertised on rival sites, the Nikkei business daily said.

Japan’s Fair Trade Commission declined to confirm the report, but added that it was “not incorrect”.

Amazon Japan did not immediately respond to requests for comment.

Last year, the European Union’s antitrust watchdog opened a formal investigation into Amazon’s ebook distribution.

The case centred on clauses Amazon had with publishers which may shield the company from competitors, including an obligation to be informed of more favourable terms being offered by rival.

Tags: Amazon, Amazon Japan, Apps, E Commerce, Internet, Japan, Online Marketplace, Online Retail

[“source-ndtv”]