eBay is the latest Silicon Valley company to agree to settle antitrust charges related to secret anti-poaching pacts that limited employees’ opportunities to change jobs.
The Justice Department is giving Verizon clearance to close its $3.9 billion acquisition of the cable companies’ 4G airwaves. While it is imposing conditions on their joint-marketing agreements — basically non-compete pacts — to resell each others wireline and wireless services, the concessions are relatively minor.
Verizon may well gets it 4G spectrum and its co-marketing agreements from the cable operators, though it will be forced to make some minor compromises to get the deal approved. WSJ reports that regulators wants to put a five-year timeline on Verizon’s pact with cable.