Word: antitrusters
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...Chinese entrepreneur 17 years ago. Huiyuan, whose stock is traded on the Hong Kong exchange, is the largest producer of pure orange juice in the country, with over 40% of the market. Although Huiyuan's founders and major shareholders endorsed the sale, the government blocked it on antitrust grounds, arguing that the acquisition would have hurt small orange-juice producers in China and led to higher prices for consumers...
...deal was widely seen as the first big test of an antitrust law that Beijing enacted last August. In the eyes of foreign investors, that test is now officially a failure. Together, Coke and Huiyuan's combined share of the orange-juice market - itself just a sliver of the overall nonalcoholic-beverage market - would have been around 20%. The segment Huiyuan dominates - undiluted OJ - is for pricier products and is relatively small. Coca-Cola's Minute Maid brand plays in the less expensive, larger segment of the market. (Read a TIME story on Coke...
...than 140 million tickets and industry experts estimate the company controls 70 % of the market for major concerts. If it merges with Live Nation, that share would increase substantially. The companies announced the terms of their merger Feb. 10, but the deal will have to be approved by government antitrust authorities. New York Senator Charles Schumer, who's on the Judiciary Committee, has already come out against the merger, signaling an uphill battle for further consolidation of the concert business. Eddie Vedder may yet get his revenge after...
...Diller ''the only person on earth who can make Paramount worth what is being bid for it.'' The proposed Bell Atlantic-TCI marriage will face months of scrutiny from armies of Washington regulators, Justice Department attorneys and state and local agencies. The key question: whether the nuptials would violate antitrust standards. While the deliberations will probably last until the middle of next year, the deal came under immediate fire from Howard Metzenbaum, the Ohio Democrat who chairs the antitrust panel of the Senate Judiciary Committee. Metzenbaum vowed to hold hearings and denounced the proposed combination as a ''megamonster'' that could...
...take cadres of lawyers and accountants a week to disentangle in order to sell and buy back assets. Just last week TCI said it would reacquire Liberty Media and its cable networks, including the Family Channel and Black Entertainment Television, which Malone spun off in 1991 to avoid antitrust scrutiny. While Smith and Malone worked in different industries, they shared a common vision of the interactive future. The two men began meeting three years ago at telecommunications conferences, at a time when cable firms and telephone companies were thought to be rivals in the race to build the information highway...