Adobe will need to secure European Union antitrust approval for its $20 billion (roughly Rs. 16,55,000 crore) bid for cloud-based designer platform Figma even though the deal falls short of the EU turnover threshold for a review, EU regulators said on Wednesday. The move by the European Commission underlines regulators’…
Chinese social media company TikTok is likely to be subject to stricter EU online content rules because its number of active users exceed a threshold set out under the Digital Services Act (DSA), a senior executive at the company said on Wednesday. The landmark rules take a tougher line on…
Sony’s gaming chief Jim Ryan met EU antitrust chief Margrethe Vestager on Wednesday to discuss Microsoft’s $69 billion (about Rs. 5,62,647 crore) bid for Call of Duty maker Activision Blizzard, a person familiar with the matter said on Thursday. The meeting came as the EU competition watchdog prepares to warn…
France’s privacy watchdog said Thursday it has fined US tech giant Microsoft EUR 60 million ($64 million, roughly Rs. 530 crore) for foisting advertising cookies on users. In the largest fine imposed in 2022, the National Commission for Technology and Freedoms (CNIL) said Microsoft‘s search engine Bing had not set…
Amazon reached a settlement with the European Union on Tuesday in two antitrust probes after addressing concerns over its use of sellers’ data, in a move that will save it from a fine of up to 10 percent of its global turnover. In the first case, Amazon faced charges of using…
US online retail giant Amazon may be able to end two EU antitrust investigations by the end of the year after tweaking concessions to address concerns over its use of sellers’ data, two people familiar with the matter said on Friday. Settling the EU investigations means the company will avoid…
Airbnb and other short-term home rental companies will have to share data on the number of people using their platforms under proposed EU rules, the European Commission said on Monday, in a light-touch approach to regulating this sector. The EU executive’s proposal comes as popular tourist destinations such as Paris,…
Microsoft’s has not offered any remedies to EU antitrust regulators reviewing its proposed $69 billion (nearly Rs. 5,71,400 crore) bid for Call of Duty maker Activision Blizzard ahead of an expected full-scale EU probe, a person familiar with the matter said on Monday. The US software company is betting on the acquisition to…
Different regions around the world, either in clusters or individually, are working on binding the majorly independent crypto sector into legal frameworks in order to make the space safe for investors. In a fresh development, the European Parliament Committee on Economic and Monetary Affairs (ECON) has approved the MiCA legislation….
The NBA Top Shot creator Dapper Labs has suspended accounts with connections to Russia citing the EU tightening of the sanctions. The sanctions prohibit companies from offering crypto wallet, account and custody services to accounts with connections to Russia, Dapper Labs said in a statement. It added that its payment…
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