The New York Times – Music:
The agreement, which requires a judicial sign-off, would avoid a breakup of the concert giant. But states who joined the suit object to the terms.
Category: Antitrust Laws and Competition Issues
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Live Nation Accused of Hurting Music Fans as Antitrust Trial Begins
The New York Times – Music:
The Justice Department lawsuit says the concert giant acts as a monopoly in the music industry, a charge the company denies.
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Frontier Airlines Offers to Buy Spirit Airlines, Again
The New York Times – Travel:
Spirit, which filed for bankruptcy protection in November after a federal court blocked its acquisition by JetBlue, says it has rejected the latest Frontier offer for being too low.
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Spirit Airlines Will Delay Plane Purchases and Furlough Pilots
The New York Times – Travel:
The low-cost airline, which has been unprofitable for four years, is trying to reduce costs after a federal judge blocked a proposed deal for JetBlue to acquire Spirit.
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A Birkin Bag Is Hard to Buy
The New York Times – Fashion & Style:
But fans of the famed Hermès accessory say that the exclusivity is the whole point.
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JetBlue and Spirit Call Off Their Merger
The New York Times – Travel:
JetBlue said it would pay Spirit $69 million to terminate the $3.8 billion deal, which had been blocked by federal antitrust regulators.
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JetBlue Says It May Back Out of Deal to Acquire Spirit Airlines
The New York Times – Travel:
JetBlue now says that it could back out of the acquisition just a week after the company said it intended to appeal a judge’s decision to block the deal.
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Judge Blocks JetBlue From Acquiring Spirit Airlines
The New York Times – Travel:
The ruling is a victory for the Justice Department, which had argued that the merger would reduce competition.