July 19, 2023
UK’s CMA Clears Broadcom’s $61 Billion Buyout of VMware
Britain’s Competition and Markets Authority (CMA) gave a provisional green light on Wednesday to computer chip and software maker Broadcom’s planned $61 billion buyout of cloud technology company VMware, after...
July 19, 2023
DRINKS CEO: Alcohol eCommerce Market Poses Multibillion-Dollar Opportunity
As consumers increasingly turn to eCommerce platforms to get their day-to-day needs met alcohol remains largely left out of the digital shift, leaving a significant opportunity for those that can...
July 19, 2023
Lowe’s Same-Day Service Delivery Goes Nationwide
Lowe’s is taking its same-day delivery offering nationwide. The home improvement retailer on Wednesday (July 19) announced it was expanding that offering via a partnership with last-mile transportation company OneRail, letting customers get products...
July 19, 2023
Where Will Parents Spend This Back-to-School? Amazon, Walmart Push Frugality
Anticipated back-to-school (BTS) shopping expenses are expected to reach $41.5 billion, exceeding the previous record of $37.1 billion set in 2021 and the $36.9 billion in 2022. To secure its...
July 19, 2023
Justice Department And FTC Propose Stricter Guidelines For Big Tech...
U.S. antitrust enforcers unveiled new proposed guidelines on Wednesday, aimed at tougher scrutiny of planned mergers by Big Tech companies like Amazon and Alphabet’s Google. The 51 pages of guidelines by...
July 18, 2023
Apple and Amazon Fined $218 Million by Spain’s Antitrust Watchdog
Apple and Amazon have been fined $218 million for allegedly colluding to block competition on Amazon’s Spanish website. That fine was announced Tuesday by the CNMC, Spain’s antitrust watchdog, which accuses the two companies of signing...
July 18, 2023
Last-Mile Delivery Solutions Provider GetSwift Acquired by Stage Fund
Private equity firm Stage Fund, which focuses on special situation investments, has acquired GetSwift and aims to position it for renewed growth. GetSwift offers three products: a delivery management platform...
July 18, 2023
Meta Teams With Microsoft to Offer Commercial AI Access
Days after reports of its planned commercial AI product, Meta has made it official. The tech giant announced Tuesday (July 21) that it was releasing a commercial version of its open-source artificial intelligence (AI)...
July 18, 2023
Indian Court Rules Against Google, Protects Disney’s Streaming Service
In a high-profile challenge to Google’s payments system, an Indian court ruled on Tuesday that the tech giant cannot remove Disney’s streaming service from its app store in the country...
