10
UK blocks Microsoft’s planned $68.7B Activision bid, saying it would ‘substantially weaken competition’

UK blocks Microsoft’s planned $68.7B Activision bid, saying it would ‘substantially weaken competition’

a year ago
Anonymous $5YzO3NGzaX

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.

Last Seen
3 hours ago
Reputation
0
Spam
0.000
Last Seen
2 hours ago
Reputation
0
Spam
0.000
Last Seen
about an hour ago
Reputation
0
Spam
0.000
Last Seen
38 minutes ago
Reputation
0
Spam
0.000
Last Seen
40 minutes ago
Reputation
0
Spam
0.000
Last Seen
about an hour ago
Reputation
0
Spam
0.000
Last Seen
33 minutes ago
Reputation
0
Spam
0.000
Last Seen
14 minutes ago
Reputation
0
Spam
0.000
Last Seen
47 minutes ago
Reputation
0
Spam
0.000
Last Seen
10 minutes ago
Reputation
0
Spam
0.000