$168M PowerReviews Merger Stifles Competition, DOJ Says

Law360, New York (January 11, 2013, 2:46 PM EST) -- The U.S. Department of Justice sued Bazaarvoice Inc. in California federal court Thursday, alleging the product ratings platform company's $168.2 million acquisition of rival PowerReviews Inc. dramatically decreases competition, leads to higher prices and lessens innovation.

The Justice Department argues that the buy violates Section 7 of the Clayton Act, pressing the court for an order requiring Bazaarvoice to divest enough assets to create a separate and viable competing business that can replace PowerReviews' competitive presence in the marketplace.

“Bazaarvoice bought PowerReviews knowing that it was...
To view the full article, register now.

Documents

Related

Sections

Case Information

Case Title

United States Of America v. Bazaarvoice, Inc.


Case Number

3:13-cv-00133

Court

California Northern

Nature of Suit

Anti-Trust

Judge

William H. Orrick

Date Filed

January 10, 2013

Companies

Government Agencies

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.