- The U.K. antitrust regulator Competition and Markets Authority (CMA) launched a probe into Alphabet Inc’s GOOG GOOGL Google and Apple Inc’s AAPL mobile ecosystems, Reuters reports.
- The CMA will conduct a 12-month market study into the iOS and Android systems following user and business exploitation concerns by their market power, adding to the regulator’s separate investigations into both the companies, Bloomberg reported.
- The CMA opts for a market study to gather information before upgrading its investigation.
- The CMA is preparing to set up a tech-focused unit. It has warned the largest companies against extra scrutiny of everything from mergers to monopoly behavior.
- Price action: AAPL shares traded lower by 0.31% at $130.08 in the premarket session on the last check Tuesday.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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