Connect with us

Hi, what are you looking for?

DOGE0.070.84%SOL19.370.72%USDC1.000.01%BNB287.900.44%AVAX15.990.06%XLM0.080.37%
USDT1.000%XRP0.392.6%BCH121.000.75%DOT5.710.16%ADA0.320.37%LTC85.290.38%
THE BIZNOB – Global Business & Financial News – A Business Journal – Focus On Business Leaders, Technology – Enterpeneurship – Finance – Economy – Politics & LifestyleTHE BIZNOB – Global Business & Financial News – A Business Journal – Focus On Business Leaders, Technology – Enterpeneurship – Finance – Economy – Politics & Lifestyle

Technology

Technology

Exclusive: EU antitrust regulators seek views on Microsoft’s remedies from UK watchdog

Microsoft logo is seen on a smartphone placed on displayed Activision Blizzard's games characte... Microsoft logo is seen on a smartphone placed on displayed Activision Blizzard's games characters in this illustration taken January 18, 2022. REUTERS/Dado Ruvic/Illustration
Microsoft logo is seen on a smartphone placed on displayed Activision Blizzard's games characte... Microsoft logo is seen on a smartphone placed on displayed Activision Blizzard's games characters in this illustration taken January 18, 2022. REUTERS/Dado Ruvic/Illustration

Listen to the article now

Sources said EU antitrust authorities are asking Microsoft’s (MSFT.O) competitors and customers whether their remedies are harmed to get the UK competition agency’s permission for its $69 billion takeover of Activision Blizzard (ATVI.O).

After the CMA vetoed the largest gaming transaction in history, Microsoft proposed to sell its cloud streaming rights to Ubisoft Entertainment (UBIP.PA) last month.
The European Commission approved the arrangement in May after Microsoft licensed Activision titles like “Call of Duty” to competing streaming services. The EU offer excluded Ubisoft.

The allegations against Microsoft primarily center on its dominance in various software markets, including operating systems and office productivity suites. Regulators are concerned that Microsoft’s actions may stifle competition and limit consumer choice, ultimately harming innovation within the industry.

Microsoft has proactively engaged with EU regulators by proposing a set of remedies to address the concerns raised during the investigation. These remedies are designed to address antitrust issues and promote fair competition. However, before any decisions are made, EU regulators actively seek public opinions on the proposed remedies to ensure transparency and gather diverse perspectives.

The outcome of this investigation and the acceptance or rejection of Microsoft’s proposed remedies will undoubtedly shape the future competitive landscape in the EU’s tech sector. If the proposed remedies are accepted, it could lead to a more level playing field for competitors, potentially spurring innovation and providing consumers with more choices.

In its role as a reporting entity, the UK watchdog has played a pivotal role in informing the public about the latest developments in the EU’s antitrust investigation. Consumers, businesses, and stakeholders must stay informed about these proceedings as they could substantially impact the technology market.

In conclusion, the EU antitrust investigation into Microsoft’s business practices is progressing, with EU regulators actively seeking input on the proposed remedies. This demonstrates a commitment to transparency and the importance of public opinion in shaping the outcome of such investigations. As the investigation unfolds, it will be crucial to monitor developments closely, as they could influence the future of competition and innovation within the EU’s tech sector.


Comment Template

You May Also Like

Technology

Anthropic stated on Thursday that the advantages of California’s updated measure, which aims to control the development and deployment of artificial intelligence within the...

Business

By the year’s end, Taco Bell plans to have implemented AI ordering at hundreds of US sites, following two years of testing in a...

Business

The Oversight Board reported Thursday that Meta failed to remove an explicit, AI-generated image of an Indian public figure until it was questioned by...

Economy

Matthias Heck, Moody’s industry analyst, estimates that electric vehicles would have attained that market share after 2035 without these rules. He said the EPA’s...

Notice: The Biznob uses cookies to provide necessary website functionality, improve your experience and analyze our traffic. By using our website, you agree to our Privacy Policy and our Cookie Policy.

Ok