The biggest technology deals of 2023
Summary
The transaction was blocked by the CMA in April, citing concerns over the company owning too large a share of the nascent cloud gaming market. “We delivered a clear message to Microsoft that the deal would be blocked unless they comprehensively addressed our concerns and we stuck to our guns on that,” CMA chief executive Sarah Cardell said. Adobe attempted to defend its acquisition in a closed court hearing early this December after EU regulators were concerned the deal would diminish competition within the design industry. Atlassian acquired screen-recording and video messaging provider Loom for around $975m (A$1.45bn) in an attempt to drive collaboration between workers across countries and time zones. “Loom’s vision is to empower everyone at work to communicate more effectively wherever they are, and by joining Atlassian, we can accelerate their mission to unleash the potential of every team,” he stated.