ACT | The App Association has expressed its views on the UK Competition and Markets Authority's (CMA) recent decision regarding Amazon's £3 billion investment in Anthropic. Stephen Tulip, the UK Country Manager for ACT | The App Association, issued a statement addressing the CMA's ruling.

Tulip emphasized that success for startups or small businesses can be achieved through various means, including partnerships or acquisitions by larger companies. He stated, "Regulatory interventions should be based on strong evidence demonstrating harm to competition."

The association praised the CMA for its swift and clear decision-making process. Tulip remarked, "We applaud the CMA for making a quick and clear decision that clears the way for investment and innovation, indicating a pragmatic approach and providing certainty to the broader business ecosystem." This sentiment was echoed by members of ACT | The App Association who recently communicated their concerns to global policymakers about maintaining open pathways to success such as mergers.

According to Tulip, the CMA's decision is seen as a positive signal for startups in the UK. He noted, "The CMA’s decision offers hope to the startup community that UK regulators will not stand in the way of small business innovators taking the steps necessary to grow and create jobs, whether through funding or partnerships."