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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Copyright RTT News/dpa-AFX
Name WKN Börse Kurs Datum/Zeit Diff. Diff. % Geld Brief Erster Schluss
Microsoft Corp 870747 NASDAQ 416,790 23.08.24 23:30:31 +1,240 +0,30% 416,780 416,790 416,980 416,790

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