U.S. Justice Dept. extends Sherman Act to cyberspace ventures

Antitrust/Monopolies
U.S. Justice Dept. extends Sherman Act to cyberspace ventures
By Newshare staff
Jun 20, 2002, 06:26

The Justice Department is extending the reach of the Sherman Antitrust Act into cyberspace, writes The Washington Post's Leslie Walker in a column. For the past year or so, she says, the department has been conducting antitrust investigations into Internet joint ventures formed by market leaders in five industries -- music, movies, travel, bond trading and foreign-currency trading -- to make sure they aren't doing things online that would be considered anti-competitive if they took place offline. The credit-card industry is also in hot water over some of its practices, and The Liberty Alliance effort launched by Sun Microsystems Inc. has a carefully-worded agreement for its members defining anti-trust obligations.

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