Microsoft's ActivisionBlizzard acquisition attempt has been blocked by the U.K.'s Competition and Markets Authority.
The U.K.’s Competition and Markets Authority has blocked Microsoft’s attempt to acquire Activision Blizzard because of its potential negative impact on cloud gaming.
“Microsoft has a strong position in cloud gaming services and the evidence available to the CMA showed that Microsoft would find it commercially beneficial to make Activision’s games exclusive to its own cloud gaming service,” a press release from the CMA explains. ” 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.
Obviously, Activision Blizzard and Microsoft aren’t too happy about this decision. Activision Blizzard directly attacks the CMA in a statement provided to Digital Trends, saying that the “report contradicts the ambitions of the U.K. to become an attractive country to build technology businesses,” before calling the country’s economic prospects “dire” and threatening that it will reconsider its plans for growth in that country.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
UK To Block Microsoft's Activision Blizzard AcquisitionMicrosoft runs into its first major block against the ActivisionBlizzard merger as the UK's CMA will be blocked by week's end. Activision BlizzardEntertainment
Read more »
Britain blocks Microsoft's $69 billion acquisition of Activision BlizzardBritain's top competition regulator on Wednesday moved to block Microsoft's acquisition of video game publisher Activision Blizzard.
Read more »
U.K. blocks Microsoft’s $75 billion Activision Blizzard dealThe United Kingdom's competition regulator expressed concerns that the deal would alter the future of the fast-growing cloud gaming market.
Read more »
UK blocks Microsoft takeover of Activision Blizzard | CNN BusinessThe UK antitrust regulator has blocked Microsoft's $69 billion purchase of Activision Blizzard, thwarting one of the tech industry's biggest deals over concerns that it will stifle competition in the market for cloud gaming.
Read more »
Microsoft's Activision Blizzard Acquisition Has Been BlockedBREAKING: Microsoft acquisition of Activision Blizzard has officially been blocked by the UK's Competition and Markets Authority:
Read more »
Microsoft’s $68.7BN Takeover Of ‘Call Of Duty’ Maker Activision Blizzard Blocked By UK RegulatorMicrosoft’s $68.7BN deal for games giant Activision Blizzard has been blocked by regulators in the UK. Both companies hit out at the Competition and Markets Authority (CMA), which ruled the p…
Read more »