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Facebook Acquisitions

Dechert LLP

Securities and Derivative Litigation: Quarterly Update - September 2024

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Highlight the Third Circuit’s adoption of the de novo standard of review in evaluating appeals of derivative litigation demand-futility decisions; Explore the Sixth Circuit’s recognition of the applicability of the...more

Vinson & Elkins LLP

SCOTUS To Focus on the Securities Fraud Pleading Standard in Two Cases Next Term

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In a pair of orders issued this month, the U.S. Supreme Court signaled plans to provide further guidance in its upcoming Fall term concerning application of the heightened standard for pleading securities fraud claims...more

Barnea Jaffa Lande & Co.

Monopoly: Meta to Pay ILS 25 Million for Failing to Report Mergers

A few days ago, the Israel Competition Authority’s Director General announced she had reached an agreement with Meta Platforms Inc. (owner of Facebook and Instagram). Under the agreement, Meta undertook to pay the State...more

Goodwin

Antitrust & Competition Technology Quarterly Update - Q1 2023

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The start of 2023 has been a busy one, with global antitrust agencies advancing investigations and challenging a number of technology acquisitions. Future antitrust enforcement could also be shaped by new digital market...more

Fenwick & West LLP

With Microsoft Complaint, Lina Khan’s FTC Takes on Another Big Tech Gaming Deal

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On December 8, 2022, the same day that the Federal Trade Commission (FTC) delivered its opening arguments to a federal judge in California in the FTC’s bid to halt Meta’s acquisition of virtual reality gaming company Within,...more

Goodwin

Antitrust & Competition Technology Quarterly Update - Q3 2022

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Two major technology companies, Meta and Microsoft, continue to defend their acquisitions against challenges from antitrust regulators. The FTC dropped one of the two claims underlying its challenge of Meta’s acquisition of...more

Goodwin

Antitrust + Competition Technology Quarterly Update - Q2 2022

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​​​​​​​In July 2022, the FTC brought an enforcement action to enjoin Meta’s acquisition of virtual reality app maker Within. The FTC’s approach in that complaint could have implications for Microsoft’s proposed acquisition of...more

Robins Kaplan LLP

Meta Reaches Settlement With Feds Over Allegedly Discriminatory Housing Ads

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Meta has reached a deal with federal authorities in which the Facebook parent will “adopt new online advertising practices” aimed at resolving allegations that its online ads “discriminated against users by race, gender and...more

Robins Kaplan LLP

Broadcom Weighing $60B Bid for Hybrid Cloud Co. VMWare

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Broadcom is in the throes of negotiations that would see it pay nearly $60 billion for VMWare Inc. in “what would be one of the biggest takeover deals of the year.” News of the potential deal by Broadcom, “a semiconductor...more

Robins Kaplan LLP

Texas Sues Meta Over Alleged Unauthorized Biometric Data Collection

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Texas AG Ken Paxton has sued Facebook parent Meta accusing it of violating “a state consumer protection law by repeatedly capturing and commercializing biometric data in photos and videos for more than a decade without the...more

Robins Kaplan LLP

Omicron Surge Expected to Take Bite Out of January Jobs Report

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Jobs Report Friday again, and general consensus is that with the Omicron surge hitting smack dab in the middle of January hiring, these numbers are going to be weird. Very weird...more

Robins Kaplan LLP

Sony to Acquire “Halo”-maker Bungie in $3.6B Deal

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Sony announced on Monday that it will acquire video-game maker Bungie, the latest in a recent series of big moves in the gaming industry in which the “game market further consolidates around some of its biggest companies.”...more

Robins Kaplan LLP

Choppy Markets Await Fed Policy Guidance

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Tuesday saw another Dr. Jekyll/Mr. Hyde day on Wall Street, with markets diving to start the day before a late rally that petered out and left the Nasdaq down more than 2% and  the S&P 500 down about half that...more

Wilson Sonsini Goodrich & Rosati

FTC Defeats Facebook Motion to Dismiss Amended Complaint

The FTC's case against Facebook will be allowed to proceed now that the district court has held its Amended Complaint plausibly alleged violations of Section 2 of the Sherman Act related to Facebook's acquisition of Instagram...more

Wilson Sonsini Goodrich & Rosati

CMA Orders Meta to Divest GIPHY

On November 30, 2021, the UK Competition and Markets Authority (CMA) concluded that the acquisition by Facebook (now Meta) of GIPHY, a deal which was originally signed in April 2020 and completed in May 2020, would reduce...more

Wilson Sonsini Goodrich & Rosati

CMA Levies Record Fine on Facebook for Deliberate Breach of Hold-Separate Order in Probe of GIPHY Takeover

On October 20, the Competition and Markets Authority (CMA) fined Facebook, Inc. £50.5 million ($69.5 million) for breaching an Initial Enforcement Order (IEO) during the CMA's investigation into the social media giant's...more

Robins Kaplan LLP

Financial Daily Dose 10.1.2021 | Top Story: Zoom Ends $15B Bid to Acquire Five9 Over Regulatory Scrutiny

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Zoom and Five9 are walking away from their proposed $15 billion deal for lack of Five9 shareholder support. Zoom’s acquisition “had drawn national security scrutiny” over funding links to China...more

Robins Kaplan LLP

Financial Daily Dose 9.28.2021 | Top Story: Fed Officials Mired in Trading Scandal to Step Down

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Major Fed news to start the week, as we’ve learned that Dallas Fed President Robert S. Kaplan and Boston Fed President Eric Rosengren are stepping down (both earlier than planned) in the wake of a dust-up over each “trading...more

Skadden, Arps, Slate, Meagher & Flom LLP

Facebook Rulings Are a Setback for Antitrust Regulators but May Spur Amendments

On June 28, 2021, Judge James E. Boasberg of the U.S. District Court for the District of Columbia granted Facebook’s motions to dismiss two parallel antitrust complaints filed by the Federal Trade Commission (FTC) and a group...more

Foster Garvey PC

Sports & Entertainment Spotlight - May 2021 #4

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Throughout the United States, people are eagerly preparing for this Memorial Day Weekend (MDW), which marks the unofficial start of summer (not to mention those who made the ultimate sacrifice for the country). If you listen...more

Vinson & Elkins LLP

The Peer-Pressure Probe: European Commission To Review Facebook’s Acquisition Of Kustomer Following Requests From Member Nations

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On May 12, 2021, the European Commission (“the Commission”) announced that it will review Facebook’s proposed acquisition of customer relationship management (“CRM”) startup, Kustomer. While the deal failed to trigger the...more

Womble Bond Dickinson

Resolving TikTok’s Data Issues Country by Country

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India’s Reliance Industries is considering acquiring TikTok’s business in India from ByteDance. We recently discussed the growing distrust by companies and countries of TikTok because of the perceived vulnerability of user...more

Foster Garvey PC

OTA & Travel Distribution Update: Expedia’s first-quarter earnings release captivates main headlines; two major airlines with...

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This week’s OTA & Travel Distribution Update includes a greater number of stories than usual given the ever-changing COVID-19 situation. I hope you enjoy....more

McDermott Will & Emery

Corporate Law & Governance Update - July 2019

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IMPACT OF EQUIFAX, FACEBOOK SETTLEMENTS - Health care industry boards should give close attention to the governance implications of recent privacy settlements entered into by Equifax and Facebook. Their unique facts...more

Robins Kaplan LLP

Financial Daily Dose 7.9.2019 | Top Story: Deutsche Bank Cuts 18,000 Jobs Globally

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Lots more details on what turned out to be something of a bloodbath for Deutsche Bank employees around the world, with the bank starting to make good yesterday on its plans to cut nearly 18,000 employees worldwide – NYTimes...more

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