JetBlue said it would pay Spirit $69 million to terminate the $3.8 billion deal, which had been blocked by federal antitrust regulators.
Category: Justice Department
Spirit Airlines Is on Shaky Footing After Judge Blocks JetBlue Deal
Some investors and analysts said the airline might have to seek bankruptcy protection if it couldn’t find another buyer.
U.S. Moves Closer to Filing Sweeping Antitrust Case Against Apple
Justice Department officials are in the late stages of investigating the iPhone maker, focusing on how Apple has used its other products and services to defend against threats to its core business.
JetBlue Seeks Court Approval of its Acquisition of Spirit Airlines
JetBlue Airways is trying to persuade a federal court to let it acquire Spirit Airlines, a deal that the Justice Department says will raise fares and reduce competition.
The Upshot of Microsoft’s Activision Deal: Big Tech Can Get Even Bigger
With the completion of the blockbuster acquisition, the notion that tech giants can grow through “vertical transactions” remains intact.
Microsoft C.E.O. Testifies That Google’s Power in Search Is Ubiquitous
Satya Nadella, the chief executive of Microsoft, is the government’s biggest-name witness in its landmark antitrust case against Google.
‘Unprecedented’ Secrecy in Google Trial as Tech Giants Push to Limit Disclosures
Efforts to seal testimony have increasingly raised questions as the federal antitrust case enters its third week in court.
In Its First Monopoly Trial of Modern Internet Era, U.S. Sets Sights on Google
The 10-week trial, set to begin Tuesday, amps up efforts to rein in Big Tech by targeting the core search business that turned Google into a $1.7 trillion behemoth.
Profiting From Risky Atherectomies That Can Lead to Amputations
Medical device makers have bankrolled a cottage industry of doctors and clinics that perform artery-clearing procedures that can lead to amputations.
FTX’s Sam Bankman-Fried Arrested in the Bahamas, Officials Say
A statement by the government of the Bahamas said Mr. Bankman-Fried was arrested after prosecutors in the United States filed criminal charges.