VENTURE CAPITAL POST

DOJ accuses Apple of monopolistic practices in the smartphone market, alleging inflated prices and restricted competition.

The DOJ is preparing to file suit against Apple on Thursday, alleging that the company violated antitrust laws by preventing competitors from accessing hardware and software features of iPhone.

Networking giant Cisco has announced the $28 billion acquisition of digital infrastructure firm Splunk.

Pfizer has agreed to pay $93 million to resolve antitrust claims by wholesale drug distributors accusing the pharmaceutical giant of conspiring with India's Ranbaxy Laboratories to delay the sales of cheaper versions of the cholesterol drug Lipitor.

Alaska Air Got U.S. Antitrust Approval For Virgin Deal But With Conditions.

Cellcom Israel Ltd on Tuesday announced that regulators opposed its merger plan with Golan. However, Antitrust Authority will invite the companies representative to discuss the deal before making final decision.

European Union antitrust regulator resumed its review on the takeover of Baker Hughes by Halliburton. European Commission plan to reach decision in August whether to approve or veto the deal.

General Electric Co. terminated the agreed $3.3 billion acquisition of Sweden's Electrolux AB on its appliance business. According to The Wall Street Journal, GE was under pressure by the U.S. Justice Department, which was blocking the sale due to antitrust issues.

Ruling out North America's claim that European antitrust authority is going in an anti-US bias in dealing with Google and Apple, the European Competition Commissioner (ECC) Margrethe Vestager has termed it as a misleading notion of the world's largest economy. Vestager has been criticized in the US media for her role in opening multiple cases against the US corporate giants Google, Apple, Amazon and Starbucks during the past one year. Vestager has become the target of the US media as European regulators are protecting EU companies from the US competition.

U.S. International Trade Commission terminates the patent infringement case filed by the InterDigital Inc. against Microsoft Corporation. ITC is breaking off the import ban of Microsoft handsets.

When EU politicians call for the break-up of Google, it can sound like sour grapes, the anti-American backlash of an aging Europe envious, and fearful, of the wealth and growing power of young U.S. tech giants.

The European Parliament is preparing a non-binding resolution that proposes splitting Google Inc's (GOOGL.O) search engine operations in Europe from the rest of its business as one possible option to rein in the Internet company’s dominance in the search market.

IBM (IBM.N) has won an outsourcing contract from Germany's Lufthansa (LHAG.DE) worth 1 billion euros ($1.25 billion) that will see the U.S. company take over the airline's information technology infrastructure services division and staff.

Swiss drugmaker Novartis AG (NOVN.VX) said three members of its executive committee would leave the company following the completion of transactions with GlaxoSmithKline (GSK.L) and Eli Lilly (LLY.N) to divest three units.

The U.S. Federal Communications Commission said on Friday it paused its "shot-clock" on the review of the proposed $45 billion merger between the two largest U.S. cable providers, Comcast Corp and Time Warner Cable Inc.