US antitrust authorities object to product ratings deal

WASHINGTON Thu Jan 10, 2013 3:09pm EST

WASHINGTON Jan 10 (Reuters) - The U.S. Justice Department said on Thursday it was filing a lawsuit challenging a June 2012 acquisition by Bazaarvoice Inc of its main rival, a deal the department said reduced competition in the market for product ratings platforms.

The $168.2 million purchase of PowerReviews Inc, which has been completed, was not reported to antitrust authorities under a 1976 law designed to head off illegal transactions, the department said in a news release.

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