All articles tagged with #cma
The UK Competition and Markets Authority has designated Google with 'strategic market status,' potentially leading to changes that increase user choice in search engines, amid concerns over Google's market dominance and efforts to promote competition. Google warns that such measures could hinder innovation, while consumer groups see this as a positive step towards addressing Google's dominance in search.
The UK Competition and Markets Authority (CMA) is investigating Google for potentially holding too much market power in online search, which could lead to mandated changes such as offering users a choice of search engines and increased transparency, aiming to boost competition and consumer choice in the UK search market.
Beyoncé won her first country music award at the Billboard Music Awards, taking home the trophy for top country female artist. Despite being snubbed by the Country Music Association, Beyoncé's win marks her 17th Billboard award. She was also nominated for top dance/electronic artist and top country album but lost to Charli XCX and Zach Bryan. Beyoncé's involvement in country music has been a topic of discussion, with figures like Billy Ray Cyrus and Dolly Parton weighing in on her contributions to the genre.
The UK's Competition and Markets Authority has approved the $19 billion merger between Vodafone and Three, subject to conditions including significant investment in a 5G network and capping certain mobile tariffs. The merger will create a new market leader with 29 million customers, with Vodafone holding a 51% stake. The deal, expected to complete by 2025, aims to boost competition and improve network infrastructure, though its full benefits may take years to materialize.
The UK's Competition and Markets Authority (CMA) is investigating whether Microsoft's hiring of key staff from AI start-up Inflection AI constitutes a merger that could reduce competition. Microsoft argues that hiring talent promotes competition and should not be seen as a merger. The CMA will decide by September 11 whether to clear the transaction or proceed with a more in-depth investigation.
The UK's Competition and Markets Authority (CMA) is investigating whether Microsoft's hiring of Mustafa Suleyman and other key employees from AI startup Inflection constitutes a merger that could reduce competition in the AI sector. The CMA will decide by September 11 whether to proceed with a more in-depth "Phase 2" investigation. Microsoft maintains that the hiring promotes competition and is not a merger.
Microsoft President Brad Smith has revised his stance on the UK's Competition and Markets Authority (CMA), now calling it "tough and fair" in its handling of Microsoft's acquisition of Activision Blizzard. Initially critical of the CMA's intervention, Smith acknowledges the regulatory body pushed Microsoft to modify its deal, particularly concerning cloud gaming rights. The acquisition, which faced over a year of regulatory scrutiny, was completed last October, significantly expanding Microsoft's gaming portfolio with franchises like Call of Duty and the addition of Candy Crush maker King.
Microsoft President Brad Smith acknowledged the UK's Competition and Markets Authority (CMA) as "tough and fair" for its initial stance against Microsoft's acquisition of Activision Blizzard. The CMA's scrutiny led to Microsoft altering its proposal, including spinning out certain rights to address cloud gaming concerns. After negotiations, Microsoft committed to a £2.5bn investment in UK AI infrastructure and revised its acquisition proposal, which was eventually approved. Microsoft completed the purchase of Activision Blizzard for $68.7bn, gaining titles like Call of Duty and Candy Crush Saga.
Microsoft President Brad Smith has shifted his stance on the UK's Competition and Markets Authority (CMA), now calling it "tough and fair" after the CMA's stringent standards forced Microsoft to restructure its acquisition of Activision Blizzard. Initially, Smith was critical of the CMA for blocking the $68.7 billion deal, but concessions made by Microsoft, particularly regarding cloud gaming rights, led to the deal's approval in the UK. Despite the change in tone from Microsoft, the CMA criticized the company's previous engagement tactics. Meanwhile, the deal still faces challenges in the US, with the Federal Trade Commission (FTC) continuing its pursuit against the acquisition.
UK business minister Kemi Badenoch defends the Competition and Market Authority's decision to block the Microsoft-Activision deal, disagreeing with Microsoft president Brad Smith's comment that the block is "bad for Britain." Badenoch argues that the CMA's decision is not an outlier and that it is important for the UK to make decisions that are right for them. Smith criticizes the CMA's ruling, stating that it discourages innovation and investment in the UK.
The UK High Court has formally paused the UK Competition and Markets Authority's (CMA) block of Microsoft's acquisition of Activision Blizzard, allowing more time for negotiations. The CMA had initially blocked the acquisition in April but has since found common ground with Microsoft. This ruling puts a hold on legal proceedings, indicating that an agreement between the two sides is likely. The CMA's decision to reassess the acquisition is unusual, and it is speculated that it aims to save face and secure concessions from Microsoft.
The UK's Competition Appeal Tribunal has granted a two-month pause on Microsoft's appeal against the Competition Markets Authority (CMA), allowing both parties more time to negotiate. The CMA had previously blocked Microsoft's proposed acquisition of Activision Blizzard, citing concerns over cloud gaming monopolization. If the deal does not close by the deadline tomorrow, Microsoft may seek a temporary extension. The CMA has warned that a renegotiated deal could lead to a new investigation.
The U.K. regulatory agency, the Competition and Markets Authority (CMA), has extended the deadline for ruling on Microsoft's acquisition of Activision Blizzard by six weeks. Microsoft had paused its appeal efforts in the U.K. to negotiate with the CMA after a California judge denied the FTC's request to block the acquisition. The new deadline of August 29 adds uncertainty to Microsoft's acquisition efforts, as its deadline to close the deal is July 18. If the CMA does not provide an updated ruling by then, Microsoft may need to exclude the U.K. from the deal or reach an agreement before August 29.
Microsoft is exploring ways to close its acquisition of Activision Blizzard King despite facing a block from the UK's CMA. One possibility includes ABK exiting the UK and relocating to another European country outside the jurisdiction of the CMA. Another possibility is to unilaterally extend the remedies it proposed to the EU to the CMA. Microsoft is also challenging the draft issued by the CMA that prevents them from acquiring any interest in the CMA for 10 years. Lastly, Microsoft is looking at the possibility of going ahead with the acquisition itself and later argue in court that CMA's draft is "illegal" if challenged by legal action by the UK watchdogs.
The UK's top antitrust judge, Mr Justice Marcus Smith, has assigned the highest possible priority to the adjudication of Microsoft's appeal of the Competition & Markets Authority's (CMA) attempt to block Microsoft's acquisition of Activision Blizzard King. At yesterday's initial case management conference, the CMA came across as the opposite of a responsible and trustworthy regulator. The CMA is digging itself an ever bigger hole instead of finding a way out of the mess it created because Mr Justice Smith isn't having any of that.