India, despite its slow adoption of Web3 technologies and services, has emerged as a region of focus for several companies working around cryptocurrencies, metaverse, and NFTs. In a fresh development, UK-based crypto wallet firm Cashaa has announced the expansion of its services to India and other locations that include Turkey, Indonesia, Kenya, South Africa, as … Read more
Microsoft cleared major hurdles to its plan to buy videogame maker Activision Blizzard on Tuesday, after a US judge gave a thumbs-up to the $69 billion (roughly Rs. 5,65,480 crore) deal and a British regulator suggested it could reconsider its opposition. Activision shares surged 10 percent on the day, as the US and Britain have … Read more
Microsoft’s Activision Blizzard deal is back in the hands of Britain’s antitrust regulator after an appeals court granted an adjournment, and the grounds for why the UK should reconsider its block on the US software giant’s takeover were published. The Competition and Markets Authority (CMA) set out on Friday Microsoft’s arguments for the reconsideration, as … Read more
US officials are examining whether the UK broke a bilateral agreement by reportedly demanding that Apple build a “backdoor” allowing the British government to access backups of data in the company’s encrypted cloud storage systems. Apple last week withdrew an encrypted storage feature for UK users, after reports that it had refused to create such … Read more
Britain’s antitrust regulator said its inquiry group had found the mobile browser market, dominated by Apple and Google, was not working well for consumers and businesses, supporting its decision to launch an investigation into the sector in January. A final report by the Competition and Markets Authority (CMA) independent inquiry group said most of its … Read more
Microsoft’s $13-billion (roughly Rs. 1,13,164 crore) investment into OpenAI Inc. was cleared by the UK’s antitrust watchdog, ending months of uncertainty over the tie-up. The Competition and Markets Authority said that the 2023 deal doesn’t qualify for a full investigation under merger rules. The CMA said in 2023 it intended to look at whether the partnership gave … Read more