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'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

Author: Benzinga Newsdesk | April 17, 2024 12:18pm

https://www.bloomberg.com/news/articles/2024-04-17/microsoft-s-13-billion-openai-deal-to-avoid-formal-eu-probe?utm_source=google&utm_medium=bd&cmpId=google

 

Microsoft Corp.'s $13 billion investment into OpenAI Inc. is set to avoid a formal investigation by European Union merger watchdogs, calming fears that the relationship could be forced apart.

The European Commission has decided that the tie-up doesn't merit a formal probe because it falls short of a takeover and that Microsoft doesn't control the direction of OpenAI, according to people familiar with the matter.

Posted In: MSFT


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