Hard setback for aspirations to conclude the purchase agreement between Microsoft and Activision Blizzard King. The UK Competition Authority (CMA) said “no” to the functioning of over $68,700 millionand rendered its decision through minutes.
This decision was made public a few minutes ago. And while the report is quite lengthy, the CMA’s primary reasons for preventing the purchase are to “promote choice and innovation in cloud gaming services,” which, according to the document, Microsoft already controls 60-70% of the market.
The agency highlights the following quote:
“Microsoft worked constructively with us to try to resolve these issues, and we appreciate that, but their proposals were not effective in addressing our concerns and would have replaced competition with ineffective regulation in a dynamic new market. .”
What will happen now with the purchase agreement between Microsoft and Activision Blizzard King?
How will Microsoft proceed from now on? Well, at the moment he hasn’t made any official statement assessing the UK CMA’s decision, but months ago there were already contingency plans in place should this situation arise, putting pressure on the UK. regulator with a long and costly lawsuit that can lead to some conflicting decisions for Xbox users in the country.
We will expand on this information in the coming hours.