'Microsoft's $13B OpenAI Deal To Avoid Formal Eu Probe; Regulators Don't See Evidence Of Microsoft Controlling OpenAI; Formal Probe Could ' Have Risked EU Order To Unwind The Tie-Up' - Bloomberg News
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Microsoft Corp.'s $13 billion investment in OpenAI Inc. will not face a formal European Union investigation. The European Commission concluded that the deal does not constitute a takeover and Microsoft does not control OpenAI, thus avoiding potential regulatory issues.
April 17, 2024 | 4:18 pm
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Microsoft's $13 billion investment in OpenAI is cleared by EU regulators, avoiding a formal probe and potential unwinding of the deal.
The decision by the European Commission to not pursue a formal investigation into Microsoft's investment in OpenAI removes a significant regulatory hurdle, potentially boosting investor confidence in Microsoft. This development is likely to be viewed positively by the market, as it eliminates the risk of a forced unwinding of the deal, which could have had negative implications for Microsoft's strategic investments in AI.
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