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Antitrust Regulator

All articles tagged with #antitrust regulator

business2 years ago•1 min saved

Amazon's Failure to Offer Remedies in iRobot Deal Sends Shares Plunging

iRobot's stock plunged 20% after reports that Amazon may not offer concessions in Europe to address antitrust concerns regarding its planned purchase of the robot vacuum maker. The European Commission has set a deadline for the parties to submit remedies, and Amazon's spokesperson stated they are working cooperatively with regulators. The EC has until Feb. 14 to make a final decision on the transaction, and the UK's antitrust regulator has already approved the deal.

via Seeking Alpha|

#acquisition #amazon #antitrust-regulator

technology2 years ago•3 min saved

"UK Antitrust Regulator Investigates Microsoft's OpenAI Partnership"

The UK's antitrust regulator, the Competition and Markets Authority (CMA), has announced that it will review whether to launch a merger probe into Microsoft's partnership with OpenAI. This comes after the CMA previously looked into competition issues surrounding Microsoft's operations earlier this year. The review will assess whether the partnership has resulted in an "acquisition of control". The CMA will consider recent developments in the governance of OpenAI, including Microsoft's non-voting position on the board. Microsoft has committed to investing over $10 billion into OpenAI and owns 49% of the for-profit operating company. The CMA has invited interested parties to comment on the matter by January 3, 2024.

via Yahoo Finance|

#antitrust-regulator #competition #merger-probe