What Happened: The Competition and Markets Authority (CMA) of Britain has given the nod to the partnership, Reuters reported on Friday. The CMA clarified that the partnership does not fall within its jurisdiction and hence, will not be subjected to further investigation under Britain’s merger regulations. An Amazon spokesperson expressed satisfaction with the decision, acknowledging the CMA’s lack of jurisdiction over the collaboration.
The CMA has also approved a similar partnership between Microsoft Corp. and Inflection AI. However, the collaboration between Google parent Alphabet and Anthropic is still under review.
Price Action: Amazon was trading 0.60% lower at the time of writing on Friday, as per Benzinga Pro.
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This story was generated using Benzinga Neuro and edited by Pooja Rajkumari
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