This year has seen some of the most significant M&A transactions, from the merger between Vodafone and Three, to the massive combination of Microsoft and Activision. In that light, we decided to discuss a range of stories spanning across competition, M&A and PE, including:

how PE funds are coping with a higher interest rate environment;
the CMA investigations into the Microsoft x Activision and Adobe x Figma mergers; and
the CMA raising questions about Microsoft's increasingly close relationship with OpenAI.

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