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Novaturas informs on investor’s notifications to competition authorities
Globenewswire· 2025-10-07 06:55
Group 1 - Mr. Neset Kockar, a shareholder of AB Novaturas, currently holds a 23.2% stake and is considering increasing it to approximately 33% [1][2] - The submission of notifications to competition authorities in Lithuania, Latvia, and Estonia is a precautionary measure and part of a planned process since Mr. Kockar's initial investment [2][4] - A 33% shareholding could potentially give Mr. Kockar "sole control" of the company due to low attendance rates at general meetings, which may allow him to hold a de facto majority of votes [3][4] Group 2 - AB Novaturas is a tour operator with over 25 years of experience, offering a wide range of travel destinations from the Baltic States [5] - In 2024, the company reported revenues of EUR 201 million and served 239,000 passengers across Lithuania, Latvia, and Estonia [5]
France's antitrust watchdog fines Apple for problems with App Tracking Transparency
TechXplore· 2025-03-31 10:51
Core Points - France's antitrust authority fined Apple €150 million ($162 million) for abusing competition law related to its App Tracking Transparency (ATT) feature [3][5] - The French Competition Authority criticized the implementation of ATT, stating it was not necessary or proportionate to its goal of protecting personal data [4][6] - The fine covers the period from April 2021 to July 2023, which is relatively small compared to Apple's revenue of $124 billion in the last quarter of the previous year [5] Implementation Issues - The rollout of ATT led to an overwhelming number of consent pop-ups from third-party apps, complicating the user experience on iOS [6] - The authority noted that the system disproportionately affected smaller app publishers who rely on third-party data for financing [6] Company Response - Apple defended ATT, stating it enhances user privacy control with a clear and consistent prompt for tracking consent [7] - The company expressed disappointment with the decision but noted that the French Competition Authority did not mandate any specific changes to ATT [8]