Nearly one year after Qualcomm received a $773 million fine by Taiwan’s Fair Trade Commission regarding how the company prices smartphone chips and patents, Qualcomm this week reached a settlement agreement with the Taiwanese regulators that „reverses most“ of the $773 million fine.
In the settlement, Qualcomm will invest $700 million over the next five years to „boost research activities in Taiwan.“ The company will also stop paying fines and retains the right to charge manufacturers royalties on its technology. The Taiwanese regulators will keep around $89 million in fines already paid by Qualcomm and „waive the [...]
Apple will start paying 13 billion euros in back taxes to the Irish government from May, according to the Financial Times, nearly two years after the European Commission ruled that the company received illegal aid from the country that saw its tax bill significantly reduced over the past few decades.
As expected, the report states that Apple and the Irish government have reached an agreement to set up an escrow account to hold the money while both sides appeal the August 2016 ruling in Europe’s highest court. Once the amount has been received in full, additional interest payments will be calculated.
Ireland’s finance minister Paschal Donohoe today said [...]
The European Commission today announced it has opened an in-depth investigation into Apple’s proposed acquisition of Shazam.
The regulators are concerned that the merger could reduce choice for users of streaming music services in Europe. In particular, they believe that Apple could gain access to sensitive data that could allow Apple to directly target its competitors‘ customers and encourage them to switch to Apple Music.
While the European Commission did not name any specific services, Apple Music’s biggest rival in Europe is Spotify, headquartered in Stockholm, Sweden. Other competitors include Deezer, Tidal, and Google Play Music.
The European Commission today announced it has accepted requests from Austria, France, Iceland, Italy, Norway, Spain, and Sweden to assess Apple’s proposed acquisition of Shazam. The agreement is still pending approval.
The regulatory body will consider whether the transaction may lead to a significant adverse effect on competition in Europe:
On the basis of the elements submitted by Austria and the countries joining the referral request, and without prejudice to the outcome of its full investigation, the Commission considers that the transaction may have a significant adverse effect on competition in the European Economic Area. The Commission has also [...]