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South Korea's FTC approves SK, broadcasters OTT venture

2019-08-21 14:49:00| Telecompaper Headlines

(Telecompaper) South Korea's Fair Trade Commission (FTC) approved the merger between OTT services Oksusu, under SK Telecom, and Pooq, jointly owned by broadcasters KBS, MBC and SBS, according to local paper Korea Joongang Daily. However, the approval is subject to conditions that will last for three years to ensure fair competition. 

Tags: south venture ott approves


FTC Lawsuit Delays Evonik\'s PeroxyChem Acquisition

2019-08-07 12:00:00| Coatings World Breaking News

Evonik acquisition of PeroxyChem delayed by FTC lawsuit

Tags: acquisition delays lawsuit ftc


Facebook earnings fall on FTC, tax charges; revenues grow 28%

2019-07-25 07:54:00| Telecompaper Headlines

(Telecompaper) Facebook reported second-quarter net earnings down 49 percent to USD 2.616 billion or 91 cents a share. The results were hurt by another USD 2 billion in provisions for the company's settlement with the FTC and an extra USD 1.1 billion charge for tax. 

Tags: fall tax charges grow


FTC confirms USD 5 bln fine and 20-year compliance agreement for Facebook privacy violations

2019-07-24 15:28:00| Telecompaper Headlines

(Telecompaper) The US Federal Trade Commission has confirmed a record USD 5 billion fine against Facebook for violating customers' privacy. The regulator also imposed a new compliance regime on the company, valid for 20 years, in order to ensure Facebook and its apps no longer abuse personal data of customers. 

Tags: privacy agreement fine usd


US FTC approves USD 5 bln fine for Facebook data violation - report

2019-07-15 08:52:00| Telecompaper Headlines

(Telecompaper) The US Federal Trade Commission has approved a fine of USD 5 billion on Facebook for violating the personal data privacy agreement it reached with the US government in 2011/2012, Reuters reported. The fine follows the Cambridge Analytica incident of 2018, when Facebook shared data belonging to 87 million of its users. The settlement would be the largest civil penalty ever paid to the agency, but a number of lawmakers said the penalty was not high enough. 

Tags: data report fine usd


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