Microsoft's acquisition of Inflection AI was not blocked by the European Commission, despite initial concerns.

EU antitrust regulators will not take action against Microsoft's hiring of artificial intelligence startup Inflection's staff including its co-founders after seven EU countries dropped their requests asking their bigger peer to examine the deal,

Illumina prevailed in Europe's top court earlier in September over its $7.1 billion acquisition of diagnostic test maker GRAIL. The win meant an end to the Commission accepting referrals for acquisitions that did not meet revenue thresholds but could eventually result in market distortions.

The Dutch market regulator ACM wants more power to investigate acquisitions independently. This was after the EU's decision not to take action against

The Dutch market regulator said on Thursday it needed more powers to investigate deals at its own level, a day after the European Union antitrust regulators said they would not take actionagainst Microsoft's hiring of artificial intelligence startup Inflection's staff.

Key Takeaways The European Commission said it would not be investigating possible antitrust violations related to Microsoft's agreement with AI startup Inflection AI.Officials said their decision came as seven member nations of the European Union withdrew their initial requests for a probe.

Microsoft's (NASDAQ:MSFT) hiring of Inflection AI employees will not be investigated, the European Union's antitrust agency said on Wednesday. The European Commission said seven countries withdrew their initial request to review the deal under Article 22 of the EU Merger Regulation,

MICROSOFT’S hiring of artificial intelligence startup Inflection’s staff including its co-founders will not be scrutinised under European Union merger rules, EU antitrust regulators said on Wednesday (Sep 18).