We continue on the long and steep path announced by the takeover of Activision-Blizzard by Microsoft. Today, the CMA, the competition regulator in the United Kingdom, did not give the green light to the operation.
Here is what they said:
The final decision to block the deal comes after Microsoft’s proposed solution failed to effectively address the problems in the cloud gaming industry outlined in the Competition and Markets Authority’s (CMA) interim findings. published in February.
Microsoft struck a $68.7 billion deal in January 2022 to buy Activision, one of the world’s most popular video game publishers. The CMA began a thorough review of the deal in September 2022, tentatively concluding in February 2023 that the merger could make Microsoft even stronger in cloud gaming, stifling competition in this growing market.
Microsoft is appealing the decision
For its part, Microsoft already plans to appeal the decision and they are still convinced that the purchase can finally be approved.
