Author: Foo Yun Chee
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Adobe’s Figma deal faces EU competition investigation
By Foo Yun Chee BRUSSELS (Reuters) -Adobe’s $20 billion bid for cloud-based designer platform Figma could reduce competition in global markets for interactive product design tools and also shut out rivals, EU antitrust regulators said on Monday. The European Commission said it opened a full-scale investigation into the deal after a preliminary review triggered concerns,…
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EU to green light Broadcom’s VMware deal on Wednesday, source says
By Foo Yun Chee BRUSSELS (Reuters) -U.S. chipmaker Broadcom is set to win conditional EU antitrust approval for its $61 billion proposed acquisition of cloud computing firm VMware on Wednesday, a person familiar with the matter said on Tuesday. Last month, Reuters reported exclusively that Broadcom had succeeded in addressing the European Commission’s concerns regarding…
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Amazon makes first Big Tech challenge to EU online content rules
By Foo Yun Chee BRUSSELS (Reuters) – Amazon is challenging its inclusion in a group of companies subject to tough European Union online content rules, in a move that may prompt other tech giants to follow suit. The challenge at the Luxembourg-based General Court, Europe’s second highest, is the first by a Big Tech company…
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Amazon’s iRobot deal in EU antitrust crosshairs
By Foo Yun Chee BRUSSELS (Reuters) -Amazon’s $1.7 billion acquisition of robot vacuum cleaner maker iRobot may reduce competition and strengthen Amazon’s position as online marketplace provider, EU antitrust regulators warned on Thursday. The European Commission opened a full-scale investigation and will decide by November 15 whether to clear or block the deal. “We continue…
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EU, Google to develop voluntary AI pact ahead of new AI rules, EU’s Breton says
By Foo Yun Chee BRUSSELS (Reuters) – Alphabet and the European Commission aim to develop an artificial intelligence (AI) pact involving European and non-European companies before rules are established to govern the technology, EU industry chief Thierry Breton said on Wednesday. Breton earlier met Sundar Pichai, CEO of Google and its parent company Alphabet, in…
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Microsoft’s EU remedies target only cloud streaming rivals, sources says
By Foo Yun Chee BRUSSELS (Reuters) – Microsoft Corp’s remedies to address European Union antitrust concerns over its $69 billion acquisition of Activision focus only on cloud gaming services, with no mention of rival Sony, people familiar with the matter said on Monday. The U.S. software giant has been trying to allay the Commission’s concerns…
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Exclusive-Microsoft’s licensing offer likely to satisfy EU on Activision, sources say
By Foo Yun Chee BRUSSELS (Reuters) -Microsoft’s offer of licensing deals to rivals is likely to address EU antitrust concerns over its $69 billion acquisition of Activision, three people familiar with the matter said, helping it to clear a major hurdle. Microsoft announced the Activision bid in January last year, its biggest ever, to take…
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Microsoft faces EU antitrust warning over Activision deal – sources
By Foo Yun Chee BRUSSELS (Reuters) – Microsoft is likely to receive an EU antitrust warning about its $69 billion bid for “Call of Duty” maker Activision Blizzard, people familiar with the matter said, that could pose another challenge to completing the deal. The European Commission is readying a charge sheet known as a statement…
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Exclusive-Microsoft likely to offer EU concessions soon in Activision deal – sources
By Foo Yun Chee BRUSSELS (Reuters) -Microsoft is likely to offer remedies to EU antitrust regulators in the coming weeks to stave off formal objections to its $69 billion bid for “Call of Duty” maker Activision Blizzard, people familiar with the matter said. The U.S. software giant and Xbox maker announced the deal in January…
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Exclusive-Philip Morris to get EU nod for Swedish Match with asset sale -sources
By Foo Yun Chee BRUSSELS (Reuters) -Marlboro maker Philip Morris is set to gain EU antitrust approval for its $16 billion bid for Swedish Match after offering to sell the target’s logistics business, people familiar with the matter said on Monday. Philip Morris, which in May announced the deal aimed at expanding its presence in…