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Merger between Amazon and Roomba maker iRobot abandoned over competition concerns | Business News
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Plans by Amazon and vacuum cleaner maker iRobot to merge have been abandoned following concerns that the move would harm competition. The $1.4bn (£1.1bn) deal, which was first announced in August 2022, had previously been approved by UK regulators. But in November the European Commission expressed concerns the online retailer might give iRobot’s products preferential…
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Competition watchdog to reopen talks with Microsoft over Activision Blizzard merger | Business News
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The UK competition watchdog is ready to reopen talks with Microsoft after the company agreed to halt legal proceedings over its planned merger with Activision Blizzard. The technology giant will attempt to restructure the $69bn (£56bn) deal to respond to the Competition and Markets Authority’s concerns after a breakthrough in the United States. A US…
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AI market faces investigation by UK competition regulator | Business News
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A review of the artificial intelligence (AI) market has been launched by the UK competition watchdog. Competition and Markets Authority (CMA) chief executive Sarah Cardell said the regulator’s goal was “to help this new, rapidly scaling technology develop in ways that ensure open, competitive markets and effective consumer protection.” The probe would include the models behind…
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advertising, Business, competition, drop, Facebook, Meta, News, owner, reports, revenue, sales, TikTok
Facebook owner Meta reports first ever revenue drop amid lower advertising sales and competition from TikTok | Business News
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Facebook owner Meta has reported its first ever revenue drop amid lower advertising sales and growing competition from TikTok. The social media giant reported revenue of $28.8bn in the three months to June, down almost 1% from $29.08bn the previous year. The figure was lower than the $28.9bn expected by Wall Street, sending Meta shares…