The EU is preparing an antitrust probe into Microsoft’s (MSFT) $13B investment into OpenAI, after the European Commission decided not to proceed with a merger review into the alliance due to lack of evidence, The Financial Times’ Javier Espinoza and Tim Bradshaw report. The EU has also made inquiries about Google’s (GOOGL) deal with Samsung (SSNLF) to install a modified version of its Gemini AI system in Samsung’s smartphones, according to the report. Margrethe Vestager, the bloc’s competition chief, said in a speech on Friday: “The key question was whether Microsoft had acquired control on a lasting basis over OpenAI. After a thorough review we concluded that such was not the case. So we are closing this chapter, but the story is not over.”
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on MSFT:
- Microsoft-Backed OpenAI Sued For Copyright Infringement
- Analysts Expect Sony’s (NYSE:SONY) PlayStation 7 to Look Very Different
- Perion Network price target raised to $10 from $6 at Lake Street
- Morgan Stanley to Introduce OpenAI-Powered Assistant for Financial Advisors
- Amazon hits $2T market valuation for first time, Bloomberg reports