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Will Microsoft's stock price increase by more than 10% by December 31, 2024 due to Inflection AI merger?
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Microsoft's Inflection AI Merger Cleared by UK Regulator
Sep 4, 2024, 11:57 AM
Microsoft's investment in Inflection AI has been cleared by the UK's Competition and Markets Authority (CMA). The regulator decided not to conduct an extensive review, concluding that the recruitment of former Inflection AI staff by Microsoft did not raise significant competition issues. The CMA's decision means the deal avoids in-depth scrutiny, though it has been designated as a merger. This clearance is seen as a positive development for Microsoft, potentially influencing similar deals by other tech giants like Amazon and Google. The partnership was cleared on Wednesday.
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