Microsoft-Inflection deal to escape EU review despite national requests
( September 18, 2024, 15:30 GMT | Official Statement) -- MLex Summary: Seven EU countries asked the European Commission to review Microsoft's hiring of key staff from AI developer Inflection but withdrew their requests after the bloc's top judges recently clarified the law on merger referrals, the regulator said today. The EU merger watchdog clarified that it considered that the transfer of "assets" to Microsoft, as well as the change in strategy at Inflection, meant the move qualified as a merger under EU law.The statement follows....
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