Tech antitrust news covering DOJ and FTC investigations, competition lawsuits, regulatory actions, and big tech monopoly concerns.
Court documents in a class action lawsuit reveal Valve allegedly threatened to delist games like Rainbow Six Siege for offering better deals on other storefronts. The lawsuit, filed in 2021, claims Valve maintains an unlawful monopoly with a 30% commission. Valve has denied such a policy.
Paramount Chief Legal Officer Makan Delrahim criticized partisan politics and 'fear-mongering' surrounding the proposed $111-billion takeover of Warner Bros. Discovery. David Ellison spent two hours with DOJ antitrust lawyers to secure approval, while over 5,000 artists signed a letter urging California's AG to block the deal.
Former California Attorney General Bill Lockyer argues that the proposed Paramount-Warner Bros. Discovery merger deserves careful antitrust review based on market realities, not reflexive opposition. He contends that the combined company would face intense competition from tech giants and streaming platforms, and that a financially stable studio benefits California's entertainment workforce.