July 4, 2008

Brussels to proceed with IBM antitrust review

European regulators are to push ahead with an antitrust inquiry into IBMââ¬â¢s dominance of the computer mainframe market, in spite of the computer makerââ¬â¢s acquisition this week of the small rival whose complaint had stirred up the review.
On Wednesday, IBM anníouníced it was buying Platform Solutions Inc, a Silicon Valley start-up which had been tryingââ¬â°toââ¬â°enter the mainíframe computer business. PSI had been pursuing an antitrust suit agíainst IBM in the US and had complained to European competition regulators. It withdrew the latter objection on Wedínesday, just before the IBM deal, for an unííínamed sum, was disclosed.

Link: Financial Times

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