The CMA took a similar future-looking approach in the CER INSIGHT: THE UK’S COMPETITION AUTHORITY IS READY TO REGULATE BIG TECH 26 May 2023 1 INFO@CER. [...] The right of British politics is convinced that the CMA has gone rogue by stopping the acquisitions of Giphy and Activision, and wants to water down the CMA’s proposed new powers, fearful the CMA will over-regulate and stifle innovation. [...] They can prompt companies to obey the letter rather than the spirit of the law, and they can CER INSIGHT: THE UK’S COMPETITION AUTHORITY IS READY TO REGULATE BIG TECH 26 May 2023 3 INFO@CER. [...] Blocking the merger was a one-off intervention that would keep the market free to innovate and experiment – rather than forcing the CMA to supervise Microsoft’s behaviour for years to come, using rules that might quickly look outdated. [...] Nevertheless, the deal ought to reignite the debate about the EU and UK’s dearth of tech giants.
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