UK regulators block Microsoft’s acquisition of Activision Blizzard

The UK’s Competition Markets Authority (CMA) has blocked Microsoft from purchasing the gaming studio Activision Blizzard over concerns the deal could “alter the future of the fast-growing cloud gaming market, leading to reduced innovation and less choice for UK gamers over the years to come.”

Microsoft first announced its intention to buy Activision in January 2022 for $68.7 billion, leading to the CMA, the European Commission, and the Federal Trade Commission (FTC) in the US to all launch antitrust probes citing concerns about limiting competition in this gaming market.

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Source:: Computerworld