16.07.2024 15:08:53 - dpa-AFX: U.K's CMA Opens Probes Against Microsoft's Hiring Of Former Inflection AI Employees

REDMOND (dpa-AFX) - The United Kingdom's Competition and Markets Authority
or CMA, announced Tuesday that it has opened an investigation against Microsoft
Corp.'s (MSFT) hiring of certain former employees of Inflection AI, Inc. and its
entry into associated arrangements with Inflection.

The CMA is considering whether it is or may be the case that Microsoft's hiring
of certain former employees of Inflection and its entry into associated
arrangements with Inflection has resulted in the creation of a relevant merger
situation under the merger provisions of the Enterprise Act 2002.

If so, the CMA is looking at whether the creation of this situation has
resulted, or may be expected to result, in a substantial lessening of
competition within any market or markets in the U.K. for goods or services.



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Name WKN Börse Kurs Datum/Zeit Diff. Diff. % Geld Brief Erster Schluss
MICROSOFT DL-,00000625 870747 Frankfurt 371,550 23.08.24 21:23:01 -3,100 -0,83% 0,000 0,000 376,200 371,550

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