UK blocks Microsoft takeover of Activision Blizzard | CNN Business

The UK antitrust regulator has blocked Microsoft’s $69 billion purchase of Activision Blizzard, thwarting one of the tech industry’s biggest deals over concerns that it will stifle competition in the market for cloud gaming. The Competition and Markets Authority said in a statement Wednesday that it was worried the deal would alter the future of the fast-growing cloud gaming market, leading to reduced innovation and less choice for UK gamers over the years to come.

Microsoft President Brad Smith added: “This decision appears to reflect a flawed understanding of the market and the way the relevant cloud technology actually works.” The Competition and Markets Authority, which launched an in-depth review of the blockbuster deal in September, said Microsoft’s proposed remedies to its concerns had “significant shortcomings.

Italia Ultime Notizie, Italia Notizie

Similar News:Puoi anche leggere notizie simili a questa che abbiamo raccolto da altre fonti di notizie.

Microsoft’s Activision Blizzard acquisition blocked by UK regulatorsMicrosoft says it will appeal the decision
Fonte: verge - 🏆 94. / 67 Leggi di più »

Britain blocks Microsoft's $69 billion acquisition of Activision BlizzardBritain's top competition regulator on Wednesday moved to block Microsoft's acquisition of video game publisher Activision Blizzard.
Fonte: CNBC - 🏆 12. / 72 Leggi di più »

UK regulator blocks Microsoft's Activision Blizzard merger over cloud concerns | EngadgetRegulators say the deal would hand Microsoft the bulk of the cloud gaming market..
Fonte: engadget - 🏆 276. / 63 Leggi di più »