Author: 21st Century Competition

Vietnam: Tourism group probed for dominating Russian services (Competition Policy International)

Vietnam competition authorities have reportedly launched an investigation into a leading tourism business following allegations the company attempted to monopolize the Russian tourism industry.

The nation’s Competition Administration Department of the Industry and Trade Ministry said it opened a case against Anh Duong Company in response to a formal complaint by …read more

US: Pfizer inks new partnership after AstraZeneca failure (Competition Policy International)

Following US pharmaceutical giant Pfizer’s failed attempt to acquire AstraZeneca, reports say Pfizer has inked a new joint venture deal to develop immunotherapy cancer drugs.

According to reports, Pfizer will team up with France-based Cellectis. The partnership involves Pfizer paying Cellectis $80 million upfront, as well as funding for ongoing research …read more

India: Authorities approve American Express joint venture (Competition Policy International)

The Competition Commission of India has announced its approval for a proposed joint venture between credit card conglomerate American Express and a unit of Qatar Holding, a deal aimed at providing global business travel services, according to reports.

American Express will partner with Juweel Investors and transfer its travel services operations …read more

US: Oracle mulls $5B takeover as sales grow weak (Competition Policy International)

Software conglomerate Oracle is reportedly in exclusive talks to acquire hotel and restaurant software developer Micros Systems, unnamed sources said, and the deal could be reached for up to $5 billion.

Oracle has been plagued by 10 quarters of weak sales, according to reports, and is now scrambling to strengthen its …read more