Latest news with #JoshSisco
Mint
02-07-2025
- Business
- Mint
SoftBank's Ampere Deal Now Faces a More In-Depth Review by FTC
(Bloomberg) -- SoftBank Group Corp.'s acquisition of semiconductor designer Ampere Computing LLC is facing a potentially lengthy probe by the US government. The Federal Trade Commission, one of two regulators charged with reviewing deals, has opened an in-depth investigation of the takeover, known formally as a second request for information about the transaction, according to people familiar with the matter who asked not to be identified because it wasn't public yet. Only a small portion of deals face such follow-up requests. In some instances investigations can last for a year or more and are a precursor to a lawsuit to block the deal. A representative for Ampere declined to comment. A SoftBank spokesperson was unable to immediately comment, while a representative for the FTC didn't immediately respond to a request for comment. SoftBank's all-cash transaction valuing Ampere at $6.5 billion was announced in March and represents another step in the Japanese company's push to add artificial intelligence infrastructure capabilities. Ampere makes server processors that are one of the main components of data center computers. SoftBank is already the majority owner of Arm Holdings Plc, whose technology is used across the electronics industry and increasingly as the basis of server chips. Ampere is a customer that licenses Arm's fundamental technology. When the deal was announced, SoftBank and Arm said they intended to close the transaction in the second half of 2025. Their plan called for Ampere to operate as a wholly owned subsidiary of SoftBank, retaining both its name and its headquarters in Santa Clara, California. SoftBank and Arm have previously faced antitrust scrutiny. SoftBank's 2020 plan to sell Arm to Nvidia Corp. was investigated by agencies around the world and ultimately abandoned after being challenged in the US and the UK. Arm is also embroiled in a global licensing dispute with Qualcomm Inc., which lodged antitrust complaints with the European Commission, the FTC and South Korea's antitrust regulator late last year, Bloomberg News has reported. Qualcomm alleges that Arm is hurting competition by restricting access to its technology after operating an open network for more than 20 years. --With assistance from Josh Sisco and Mayumi Negishi. More stories like this are available on
Business Insider
09-06-2025
- Business
- Business Insider
BlackRock, State Street to urge dismissal of collusion case, Bloomberg says
BlackRock (BLK), Vanguard Group, and the asset management arm of State Street (STT) are headed to court over a lawsuit brought by Republican state attorneys general claiming they colluded to reduce coal output, Josh Sisco and Silla Brush of Bloomberg reports. Lawyers from the companies are set to urge a federal judge to dismiss the case. The suit claims the firm have large stakes in coal producers and profited when energy prices soared. Confident Investing Starts Here:
Business Insider
05-06-2025
- Business
- Business Insider
Court rules against Apple bid to pause App Store changes, Bloomberg says
Bloomberg's Josh Sisco and Mark Gurman report that Apple's (AAPL) legal attempt to pause the requirement that lets App Store developers steer users to purchase in-app items without paying commission was not successful. Confident Investing Starts Here: Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Bloomberg
24-04-2025
- Business
- Bloomberg
Meta, Google Hammered in Court in Sign of Rare Left-Right Unity
By , Josh Sisco, and Riley Griffin Save Two tech giants — Meta Platforms Inc. and Alphabet Inc. — were stung hard in antitrust trials in different rooms of the same federal courthouse this week. It's a reflection of rare bipartisan enthusiasm for punishing them, efforts that spanned the Trump and Biden administrations. In proceedings in Washington, where a federal judge is weighing how to resolve Google's monopoly in search, an executive made a startling admission: that Google pays Samsung an 'enormous sum' to preinstall its Gemini AI app, even though courts have twice found those kinds of deals illegal. The revelation could give the government ammo for devising a penalty that hurts Google's position in artificial intelligence.
Yahoo
24-04-2025
- Business
- Yahoo
Justice Department looking into Disney, FuboTV deal, Bloomberg reports
Justice Department antitrust officials are looking into Disney's (DIS) deal to take a controlling stake in FuboTV (FUBO), Leah Nylen and Josh Sisco of Bloomberg report, citing people familiar with the plans. The officials are scrutinizing whether the deal would unduly concentrate the market for sports streaming, sources told Bloomberg. Disney in January agreed to merge its Hulu + Live TV streaming service with FuboTV. Shares of Fubo are down 3% to $2.92 following the report. Discover outperforming stocks and invest smarter with Top Smart Score Stocks. Filter, analyze, and streamline your search for investment opportunities using Tipranks' Stock Screener. Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>> See the top stocks recommended by analysts >> Read More on FUBO: Disclaimer & DisclosureReport an Issue Justice Department probing Disney deal with FuboTV, Bloomberg says FuboTV falls 3% to $2.89 after Bloomberg report of DOJ probe FuboTV retains exclusive rights to Premier League in Canada Now Streaming: Amazon CEO says Prime Video has positive impact on Prime business Unusually active option classes on open April 11th Sign in to access your portfolio
