Word: antitrusters
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...reports that there are also a few regulatory hurdles for Levin to surmount: "The deal will have to gain two sets of clearances -- and any problems encountered likely will be a consequence of the arrangement's giving Malone a significant minority interest in the merged entity. One is from antitrust regulators. The second is from the Federal Communications Commission, which would determine if the deal conforms to a maze of rules." Clearing the federal hurdles, Ratan says, could take up to a year...
...looks like there's going to be a professional basketball season after all. This afternoon, NBA players rejected a long-simmering proposal by Michael Jordan, Patrick Ewing and other all-stars to scrap their players union. (Their agents think they can get better contracts by pursuing an antitrust lawsuit against the league.) "This is a clear repudiation of an agent-orchestrated revolt," says TIME sportswriter Steve Wulf. The losers may challenge the election results with legal roadblocks that could delay the opening of the season. But Wulf doubts the players will risk the enmity of NBA fans: "Basketball players...
...Justice Department announced it will take no antitrust action against Microsoft Corp.'s Windows 95 software before its Aug. 24 launch. The news came hours after the company set prices and imposed an initial 500,000-member ceiling for the controversial new online network it will package with Windows...
Baseball's 73-year-old exemption from federal antitrust legislation was placed in jeopardy when the Senate Judiciary Committee voted 9 to 8 on a bill to repeal it. The baseball players' union says the measure, which still requires the approval of both houses, would force owners to bargain in good faith by allowing players the lawsuit option currently available in other professional sports...
...players broke off Thursday night, leaving the league without a labor contract and endangering the upcoming season. The impasse came just days after the union imposed an Aug. 8 deadline to reach an agreement; otherwise, the union says it will decertify itself, which would free players to pursue an antitrust suit against the owners in court. Talks reportedly disintegrated over the possible elimination of exceptions to the salary...