UK blocks Microsoft’s planned $68.7B Activision bid, saying it would ‘substantially weaken competition’
https://techcrunch.com/2023/04/26/uk-blocks-microsofts-planned-68-7b-activision-bid-saying-it-would-substantially-weaken-competition/
operator” in the cloud gaming market.The U.K.’s Competition and Markets Authority (CMA) has confirmed that it intends to block Microsoft’s megabucks Activision acquisition, concluding that such a merger would create “…the most powerful
The CMA noted that with a current share of 60-70%, acquiring Activision’s portfolio of games would “substantially weaken competition” in the market. It added that Microsoft would also have the incentive to withhold such games from competing gaming platforms.
UK blocks Microsoft’s planned $68.7B Activision bid, saying it would ‘substantially weaken competition’
Apr 26, 2023, 12:17pm UTC
https://techcrunch.com/2023/04/26/uk-blocks-microsofts-planned-68-7b-activision-bid-saying-it-would-substantially-weaken-competition/
> The U.K.’s Competition and Markets Authority (CMA) has confirmed that it intends to block Microsoft’s megabucks Activision acquisition, concluding that such a merger would create “…the most powerful
operator” in the cloud gaming market.
> The CMA noted that with a current share of 60-70%, acquiring Activision’s portfolio of games would “substantially weaken competition” in the market. It added that Microsoft would also have the incentive to withhold such games from competing gaming platforms.