Microsoft’s upcoming US$7.5 billion acquisition of GitHub has cleared another major hurdle: the EU has approved the deal after determining that there are no antitrust concerns in Microsoft buying the popular open-source software repository, reported the Financial Times.
European antitrust authorities have reportedly determined that “the merged entity would continue to face significant ongoing competition from other players.” Officials also aren’t concerned that Microsoft could “undermine the open nature of GitHub,” noting that developers have other options they could switch to if Microsoft’s stewardship of the platform isn’t to their liking.
The GitHub purchase was first announced in June this year, with Microsoft CEO Satya Nadella commenting at the time, “We are committed to being stewards of the GitHub community, which will retain its developer-first ethos, operate independently and remain an open platform. We will always listen to developer feedback and invest in both fundamentals and new capabilities.”
Full Content: Financial Times
Featured News
BHP Unveils £31bn Mining Megamerger Proposal with Anglo American
Apr 25, 2024 by
nhoch@pymnts.com
ByteDance Prefers Shutdown Over Sale of TikTok Amid US Ban Threats
Apr 25, 2024 by
CPI
FCC Votes to Restore Net Neutrality Rules
Apr 25, 2024 by
nhoch@pymnts.com
Apple Rejects Spotify’s Updated App Over In-App Pricing Disclosure
Apr 25, 2024 by
CPI
FCC Set to Reinstate Net Neutrality Rules Today
Apr 25, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Economics of Criminal Antitrust
Apr 19, 2024 by
CPI
Navigating Economic Expert Work in Criminal Antitrust Litigation
Apr 19, 2024 by
CPI
The Increased Importance of Economics in Cartel Cases
Apr 19, 2024 by
CPI
A Law and Economics Analysis of the Antitrust Treatment of Physician Collective Price Agreements
Apr 19, 2024 by
CPI
Information Exchange In Criminal Antitrust Cases: How Economic Testimony Can Tip The Scales
Apr 19, 2024 by
CPI