Microsoft pens agreement to keep Call of Duty on Playstation after Activision mega-deal July 17, 2023 Microsoft has signed an agreement to keep Call of Duty on PlayStation following the acquisition of Activision Blizzard, Microsoft Gaming CEO Phil Spencer said in a tweet. A deal to keep Call of Duty on Playstation could further ease concerns surrounding the acquisition’s impact on competition. Speaking on the agreement, Microsoft President Brad Smith said in a tweet, “Even after we cross the finish line [...]
Competition watchdog clears £31bn O2-Virgin Media merger April 14, 2021 The competition watchdog has provisionally cleared the £31bn merger between O2 and Virgin Media following an in-depth investigation. The Competition and Markets Authority (CMA) launched a probe into the tie-up amid concerns it would harm competition in the wholesale market. Virgin Media provides leased lines to mobile operators such as Vodafone and Three, while O2’s [...]
Rupert Murdoch and Daily Mail owner mull joint bid for Telegraph group March 12, 2024 A consortium of News Corp, Daily Mail General Trust and Redbird IMI may alleviate mounting concerns over the Telegraph takeover.
Viagogo forced to break up Stubhub after $4bn takeover February 2, 2021 Viagogo must sell all of Stubhub’s operations outside the US to satisfy competition concerns over its $4bn (£2.9bn) takeover, regulators said today. A probe by the Competition and Markets Authority (CMA) found that the deal would lead to a substantial reduction in competition in the secondary ticketing market and potentially result in higher fees or [...]
Ranked: The best banks for customer service? Monzo and Starling steam ahead August 15, 2023 Which banks are the best for customer service? A new official ranking has been produced by the consumer regulator
The CMA sets out new regime for tech giants such as Google and Facebook December 8, 2020 The CMA sets out new regime for tech giants such as Google and Facebook
Government report calls for regulations bonfire to give UK a ‘post-Brexit dividend’ February 16, 2021 The UK should slash regulation and overhaul the competitions authority to give the economy a post-Brexit boost, according to a report commissioned by the government. The report, written by Tory MP John Penrose, calls for the government to create a “Brexit dividend” by “replacing bureaucratic EU rules with modern, digital equivalents”. Penrose’s report, commissioned by [...]
CMA’s review of market concentration in the pandemic January 18, 2021 In April 2020, the Competition and Markets Authority (CMA) cleared Amazon’s £450million investment into Deliveroo, heeding (and ultimately accepting) warnings from the parties that, absent the investment, Deliveroo would ultimately have to exit the market. Particularly so in the light of the impact of the government imposed lockdown and shuttering of restaurants. It is tempting [...]
Lastminute.com threatened with legal action over unpaid package holiday refunds February 12, 2021 Travel platform Lastminute.com is facing legal action from the UK competition watchdog unless it repays customers whose package holidays have been cancelled due to the pandemic. The Competition and Markets Authority (CMA) warned the firm that it will take court action unless Lastminute processes the repayments – totalling £1m – within seven days. On 1 [...]
Targeting globally comparable disclosure standards November 11, 2021 Companies and consumers are increasingly looking beyond climate change as they consider wider environmental social and governance issues. A supportive regulatory foundation therefore is needed to help the financial sector to respond effectively. It’s not only ethically minded consumers that want to know the source and environmental and human impact of products that they buy, but [...]