CMA CEO Sarah Cardell Wrote a Letter to the Editor.
The Times View on Competition: Closed for Business
OPEN FOR BUSINESS
Sir, Further to your leading article ("Closed for Business", Jun 5), prohibiting anti-competitive mergers helps to protect people and businesses from higher prices, worse choices and less innovation. But it is a tool we rarely use. Thousands of mergers and acquisitions affect the UK each year, yet fewer than 1 per cent are prohibited. Nearly all go ahead, including Microsoft's recent $20 billion purchase of the software company Nuance, which we cleared within a few months. Our view remains that maintaining a free competitive market is better than accepting Microsoft's plan for continuing regulation.
Sarah Cardell
Chief executive, Competition and Markets Authority
_
Safe to say that CMA's not changing their minds and today's meeting didn't mean shit, Lol.
UK finance minister Hunt met Microsoft's Smith earlier on Tuesday -Reuters citing source$MSFT#AInvest #Ainvest_Wire #Investing #source #stock
— AInvest Wire (@Ainvest_Wire) June 6, 2023
View more: https://t.co/RoG3eime4L pic.twitter.com/6MwCWKkNFa
Smith met with Hunt but it wasn't together with CMA, Hunt is meeting CMA separately, so this meeting likely didn't mean a thing to begin with.
Last edited by Ryuu96 - on 06 June 2023
