The U.K.’s Competition and Markets Authority said in a statement that it has decided that Alphabet’s (GOOGL) (GOOG) partnership with Anthropic does not qualify for investigation under the merger provisions of the Enterprise Act 2002. The CMA said it does not believe that Google “has acquired material influence over Anthropic as a result of the Partnership” following a formal investigation.
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>>
See today’s best-performing stocks on TipRanks >>
Read More on GOOG:
- Walmart higher, Lowe’s lower after earnings: Morning Buzz
- Microsoft (NASDAQ:MSFT) Unveils AI Chips to Boost Data Center Security and Efficiency
- Uber weakness creates more attractive entry point, says Jefferies
- Antitrust officials preparing final moves aimed at Big Tech, WSJ reports
- Google seeking to fully migrate Chrome OS to Android, Android Authority says
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
