Author: 21st Century Competition

US: PE firms settle M&A collusion claims (Competition Policy International)

Three private equity firms have reportedly agreed to settle allegations of anticompetitive behavior for a combined $325 million.

According to reports, Blackstone Group, KKR and TPG Capital have settled allegations that they colluded with reach other and rivals to keep costs down on corporate takeovers. The companies are accused of agreeing …read more

China: Foreign auto market crackdown shows no signs hitting the breaks (Competition Policy International)

Chinese regulators do not appear to be slowing down their crackdown on the foreign auto market.

According to reports, the nation’s National Development and Reform Commission is reportedly probing Toyota Motor Corp as part of its investigation. Unnamed sources say the NDRC contact Toyota about its business practices, though the exact …read more

US: Broadcasting group challenges FCC rules (Competition Policy International)

The National Association of Broadcasters filed comments to the Federal Communications Commission on Wednesday challenging the regulator’s views on duopoly broadcast markets and other aspects of the industry, say reports.

The rationale behind the FCC’s rules over the broadcasting sector – that television stations only compete among themselves within local markets …read more

Asia: Budget airline Cebu Pacific eager for upcoming single market plan (Competition Policy International)

As members of the Association of Southeast Asian Nations ready to launch a single market economy next year, reports say budget airline Cebu Pacific is expecting positive results from the plans that will open up new routes for the carrier.

Cebu Air officials spoke with reporters at the Economic Journalists Association …read more