Tag: UK competition
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Valve Faces UK Class Action Over Steam Revenue Shares
UK Class Action Targets Valve Over Steam Revenue Shares A significant legal challenge has landed on Valve, the Seattle-based gaming giant behind Steam, as it faces a proposed UK class action seeking approximately £656 million in damages. The lawsuit alleges that Valve’s revenue-sharing model for Steam is anti-competitive and harms consumers by driving up prices…
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UK CMA Scrutinizes ABF’s Plan to Buy Hovis in Kingsmill Owner Takeover
UK Competition Watchdog Opens Deeper Look at ABF’s Hovis Bid The UK competition regulator, the Competition and Markets Authority (CMA), has intensified its review of Associated British Foods’ (ABF) £75 million plan to acquire Hovis, the well-known sliced bread brand owned by ABF’s Kingsmill business. This move signals heightened scrutiny of how the deal could…