Big Tech
Microsoft Investment Into Inflection Cleared After UK Review
- UK’s CMA says investment of $650 million didn’t cause concern
- Agency says it will continue to monitor “acquihire” phenomenon
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Microsoft Corp.’s investment into Inflection AI avoided in-depth scrutiny from the UK antitrust watchdog after it ruled that the mass hiring of ex-employees from the startup didn’t cause any regulatory concerns.
The Competition and Markets Authority said Wednesday that while the tie-up was classed as a merger, it won’t substantially reduce competition in the sector.