Microsoft-OpenAI deal set to dodge formal EU merger probe, sources say [Globe and Mail, The (Toronto, Canada)]
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Source: Globe and Mail, The
said on Wednesday, signaling the deal will avoid a formal European probe that could have led to onerous remedies for the U.S. tech giant. The regulators had said in January that the deal may be subject to merger rules in the region. Microsoft decrease , OpenAI and a spokesperson of the European Commission did not immediately respond to Reuters requests for comment. Microsoft is not out of the woods, however, with the EU competition enforcer still looking into partnerships between large digital market players and generative AI developers and providers that could lead to intrusive and lengthy investigations in their market power. Bloomberg News first reported the development. Sign up for the Lately Newsletter. What we are thinking about and talking about in tech each week. Explore newsletters Tickers mentioned in this story Study and track financial data on any traded entity: click to open the full quote page. Data updated as of 17/04/24 1:19pm EDT Symbol Name %
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