Word: antitrust
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Dates: during 2000-2009
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SETTLED. AOL TIME WARNER'S LAWSUIT AGAINST MICROSOFT, with a cooperation agreement that ends a bitter rivalry between the companies. Microsoft will pay AOL $750 million to settle the antitrust suit brought by its Netscape unit and will grant AOL a seven-year license for use of Microsoft's Internet Explorer browser...
With $1 billion in cash, Saban could get the deal done fast. Other potential suitors, including Murdoch and Italian magnate Silvio Berlusconi, were hobbled by concerns that they might use Kirch's networks to forward their political views. German media giant Bertelsmann didn't bid because of antitrust problems. The only other serious bidder, a German publisher, didn't have Saban's TV experience and faced regulatory pressures. By late February, Saban's mostly cash offer was a virtual lock...
Collective action is not only unlikely, but also legally problematic. “Given past antitrust rulings, it would be hard for the colleges to get together and agree to adhere to a common, less binding style,” Zeckhauser says...
...families agreed to carve up the garment-industry trucking business among themselves. The trick was bringing a case. There was evidence of extortion, Spitzer recalls, but it was ambiguous, and cases like this had failed in the past. So he charged the Gambinos with something that could stick, an antitrust violation. Thomas and Joseph Gambino and two other defendants took the deal and avoided jail by pleading guilty, paying $12 million in fines and agreeing to stay out of the business. "It was imaginative and smart," says Cherkasky, who calls Spitzer one of the "best and brightest" lawyers...
...keeping as many companies afloat as possible. "Ten percent of the country was allowed to be capitalist, and the other 90% was socialist," says Eisuke Sakakibara, director of the Global Security Research Center at Keio University and a former vice minister of finance. He's not really joking. Antitrust laws were virtually nonexistent, cartels flourished and high tariffs pushed away foreign entrants...