competition and markets authority

Britain's competition regulator plans to make big tech companies give their rivals greater access to data and limit them from promoting their products under new powers it is due to receive from the government, it said on Thursday. The Competition and Markets Authority (CMA) has bolstered its oversight of Big Tech firms like Facebook owner Meta, Google parent Alphabet, Amazon and Apple.Elevate Your Tech Prowess with High-Value Skill CoursesOffering CollegeCourseWebsiteIIM KozhikodeIIMK Senior Management…

Photo: Gabby Jones/Bloomberg (Getty Images)Adobe and Figma mutually agreed to end their acquisition plans on Monday after European regulators found the deal would hurt competition in the digital design space. The $20 billion acquisition would have combined the world’s leading product design software, Figma, and the world’s largest and most recognized supplier of design applications, Adobe.Generating Video Via Text? | Future Tech“Adobe and Figma strongly disagree with the recent regulatory findings, but we believe it is in…

Adobe Inc. walked away from its $20 billion acquisition of startup Figma Inc. after clashing with regulators in Europe and the UK. Adobe will pay Figma a $1 billion termination fee, the companies said in a statement on Monday. They saw “no clear path” to getting regulatory approvals from the European Commission and the UK's Competition and Markets Authority.  Adobe, the dominant force for years in such creative software as Photoshop and Illustrator, announced the purchase of Figma in September 2022.  The acquisition,…

Britain's antitrust regulator said on Friday it will review whether to launch a merger probe of Microsoft's multi-billion dollar partnership with ChatGPT maker OpenAI, weighing in on the U.S. software giant's tie-ups for a second time this year.The move comes after a November announcement that Microsoft, which has committed to invest over $10 billion into OpenAI, will take a non-voting position on the board. That followed a tumultuous boardroom battle which saw the sudden ouster and return of OpenAI CEO and founder Sam…

Britain's Competition Appeal Tribunal granted the adjournment application which was requested jointly by the antitrust regulator, the CMA, and Microsoft, as part of the latter's plan to try to buy Activision Blizzard. The Competition and Markets Authority (CMA) is waiting for Microsoft to submit a modified deal structure which the U.S. software giant hopes will help it gain UK regulatory approval to buy "Call of Duty" maker Activision. As part of this, the CMA extended its final deadline on the deal to Aug. 29 and…

Microsoft announced its plans to acquire Call of Duty maker Activision Blizzard in a record $69 billion deal in 2022. Since the announcement, the deal has been scrutinised by the regulatory bodies of several countries. Some countries like the UK have blocked the deal. However, others like the European Union have approved the biggest gaming deal of all time. In a report shared by the EU, its antitrust chief Margrethe Vestager explained why Microsoft’s acquisition of Activision Blizzard was approved. Click here to read…

Microsoft cleared major hurdles to its plan to buy videogame maker Activision Blizzard on Tuesday, after a US judge gave a thumbs-up to the $69 billion (roughly Rs. 5,65,480 crore) deal and a British regulator suggested it could reconsider its opposition.Activision shares surged 10 percent on the day, as the US and Britain have been the two countries opposed to what would be Microsoft's biggest deal ever and the largest transaction in the videogame industry's history. Microsoft shares rose 64 cents to $332.47 (roughly Rs.…

Britain's competition watchdog on Friday said social media giant Meta had offered to limit its use of other businesses' advertising data for its Facebook Marketplace service to address the regulator's competition concerns.The Competition and Markets Authority (CMA) said it was minded to accept the commitments, which include advertisers being able to opt out of allowing their data to be used to improve the Facebook Marketplace classified ads platform. CMA executive director of enforcement Michael Grenfell said: "Reducing…

For all the thunder about Xbox versus PlayStation, it was the nascent cloud market that led to Britain's surprise decision to block Microsoft's record Activision Blizzard takeover.Microsoft has been working for months to satisfy concerns about the $69 billion (roughly Rs. 5,64,700 crore) deal raised by Britain's Competition and Markets Authority (CMA), which has been increasing proactive in taking on "Big Tech" since Brexit.The ruling - which the US company has vowed to appeal — sets a precedent for the European…

Britain's competition regulator said proposals from Alphabet's Google to give app developers the freedom to break away from Google Play's billing system looked to be sufficient to address its concerns about in-app payments.Britain's Competition and Markets Authority (CMA) said in June that Google's complete control over in-app payments unfairly restricted developers by forcing them to use Google Play's billing system, reducing competition and hurting users.The CMA said on Wednesday that Google's proposals would allow app…