Microsoft’s appeal against Britain’s block on its $69 billion takeover of Activision Blizzard was formally paused by a London tribunal to give the parties more time to resolve the dispute. Microsoft, Activision and Britain’s competition regulator, the Competition and Markets Authority, had all asked for a two-month stay of the case after the CMA said it would consider a modified deal put forward by Microsoft. Read more.
|
Enjoy moves news? Please take this one-question survey to let us know how you’d like to read Career Tracker.
|
U.S. Securities and Exchange Commission Chair Gary Gensler said the agency was “disappointed” with a judge’s recent ruling that Ripple Labs did not violate federal securities laws in a major blow to its efforts to rein in the cryptocurrency sector.
The SEC has sued a number of crypto firms in recent months, arguing that most crypto tokens are securities that should be registered with the agency. Gensler also said the SEC is developing rules to govern the use of artificial intelligence on trading platforms, which poses a risk of conflicts of interest. Read more.
|
