Microsoft's acquisition deal for Activision to face in-depth antitrust probe in UK - FT

is expected to face an in-depth UK probe after the software maker did not offer any remedies to assuage competition concerns, the Financial Times reported.

Microsoft chose not to offer any remedies to the Competition and Markets Authority at this stage because there were no obvious commitments the UK regulator would be likely to accept, the report said on Wednesday, citing people with knowledge of the matter. The CMA said earlier this month that the takeover of the "Call of Duty" maker could hurt competition in gaming consoles, subscription services and cloud gaming if Microsoft refused to give competitors access to Activision's best-selling games.

Microsoft and Activision did not immediately respond to Reuters' request for comment, while CMA declined to respond. The EU investigation could take time to examine the deal, which is also facing an in-depth probe in Brussels, because of its size and the rising concerns from rivals, including Sony, the report added.Reporting by Chavi Mehta in Bengaluru; Editing by Shinjini Ganguli

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Universal Paragon Corp. proposes Project Axon at Sierra Point in Brisbane - San Francisco Business TimesThe proposed hotel near the Brisbane Marina is envisioned with over 600 rooms and an outdoor wedding chapel. An adjacent life sciences building will rise 11 stories.
Source: SFBusinessTimes - 🏆 78. / 68 Read more »

Google closes $5.4 billion acquisition of cybersecurity firm Mandiant - Silicon Valley Business JournalThe all-cash deal, valued at $5.4 billion, is projected to boost Google’s cybersecurity capacities as it competes with other major cloud players such as Amazon.com Inc. and Microsoft Corp..
Source: svbizjournal - 🏆 334. / 59 Read more »

Residential elevator company and safety agency settle lawsuit over home elevator issuesThe U.S. Consumer Product Safety Commission said it has settled an administrative lawsuit against thyssenkrupp Access Corp., now known as TK Access Solutions Corp.
Source: PennLive - 🏆 463. / 53 Read more »

Oracle misses on earnings results and forecast as strong dollar takes a tollOracle reported lower earnings than expected Monday and executives’ profit forecast also came in lower than analysts were projecting, as a strengthening dollar took its toll. And the expectations were nothing grand. They're doing randomized layoffs in the town I live in. Can't even work hard to protect your job. Trash company.
Source: MarketWatch - 🏆 3. / 97 Read more »