Brad Smith told the BBC that the move was “bad for Britain” and marked the “darkest days” of Microsoft’s four decades of operations in the country. The regulator hit back, saying it must do what’s best for people, “not merging companies with commercial interests”. The move by the UK means the multi-billion dollar deal cannot go ahead globally. While...
New powers to rein in big tech set to be granted to UK regulator holding up Microsoft’s Activision deal
The UK government, on Tuesday, released a draft bill that would give a newly created department an independent competition regulator powers to levy massive fines against big tech firms for abusing competition and investigate and block acquisitions with more incredible speed. The draft Digital Markets, Competition and Consumer Bill will target technology companies with annual revenues of at least...