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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.

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