Court Should Break Up Bazaarvoice Monopoly, DOJ Says

Law360, San Francisco (October 15, 2013, 8:09 PM EDT) -- The U.S. Department of Justice urged a California federal judge Tuesday to reverse the merger of rival ratings-and-review software companies Bazaarvoice Inc. and PowerReviews Inc., arguing at the close of an antitrust bench trial that the $168.2 million tie-up created an illegal monopoly.

The DOJ's Antitrust Division is seeking a complete divestiture of the PowerReviews assets Bazaarvoice acquired in the buyout, arguing that doing so is the only way to restore competition in the e-commerce ratings-and-reviews marketplace.

While the competition between the two rivals drove down...
To view the full article, register now.

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.