BREAKING: Microsoft's Acquisition of Activision Blizzard Has Been Blocked
147BREAKING: UK CMA To Block Microsoft's Acquisition of Activision Blizzard
UK regulators at the Competition and Markets Authority have prevented Microsoft from purchasing Activision over concerns that the deal would harm competition in the cloud gaming market, leading to less innovation and choice for gamers.
Microsoft already has a strong hold on the cloud gaming space, and that the Activision Blizzard buyout would push its position too far, damaging potential competition and industry growth. Allowing Microsoft to take such a strong position in the cloud gaming market just as it begins to grow rapidly would risk undermining the innovation that is crucial to the development of these opportunities.
Microsoft stated that they will remain fully committed to this acquisition and will appeal.
They said that CMA's decision rejects a pragmatic path to address competition concerns and discourages technology innovation and investment in the United Kingdom. We have already signed contracts to make Activision Blizzard's popular games available on 150 million more devices, and we remain committed to reinforcing these agreements through regulatory remedies.
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