UK watchdog says Microsoft's Activision Blizzard acquisition won't hurt console competition

Published Mar 24th, 2023 1:15PM EDT, the Competition and Markets Authority announced its provisional findings concerning console competition with Microsoft’s proposed acquisition of Activision Blizzard. The CMA says that it has reached a conclusion that the acquisition will not hurt console sales, potentially clearing one aspect of the acquisition for the companies.

Martin Coleman, chair of the independent panel of experts conducting this investigation, said in a statement that, while today’s provisional findings find no issue with the acquisition when it comes to console gaming market competition, it has not yet made a call when it comes to cloud gaming services.

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Activision stock rises as U.K. regulator reduces concerns with Microsoft acquisitionActivision Blizzard Inc. stock is up about 5% in premarket trades after the U.K.’s Competition and Markets Authority (CMA) said it remains on course for...
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