https://techcrunch.com/2022/09/01/microsoft-activision-uk-antitrust-concerns/

Microsoft’s $68.7 billion all-cash deal to bag gaming giant Activision Blizzard faces closer antitrust scrutiny in the UK where the country’s market watchdog has just announced it will move to an in-depth investigation — unless the pair submit suitable proposals to address its concerns in the next few days.

The Competition and Markets Authority (CMA) opened a formal probe of the acquisition in July, soliciting feedback on whether or not to move to a deeper so-called Phase 2 investigation. It’s now decided the deal does merit closer attention — taking a view that it could substantially lessen competition in gaming consoles, multi-game subscription services, and cloud gaming services.