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Microsoft's blockbuster deal to buy Activision is in jeopardy. Here's what could happen next | CNN Business

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For years, Microsoft flew under the radar as policymakers around the world went after Amazon, Facebook and Google as some of the biggest alleged threats to fair competition.

But now, more than two decades after its landmark court battle with the US government over browsers, Microsoft is firmly back in the antitrust hotseat. UK officials said Wednesday they will block the company’s $69 billion deal to acquire video game giant Activision-Blizzard. The decision, which Microsoft said it plans to appeal, follows the US Federal Trade Commission’s lawsuit just months earlier to block the acquisition.

The licensing agreements haven’t assuaged the concerns of the FTC and the CMA, the latter of which on Wednesday said blocking the deal outright, rather than setting up a complicated compliance monitoring system for the merger, would “more effectively allow market forces” to drive development of new technologies such as cloud gaming. A high-stakes court fight The decision paves the way for a high-stakes court fight in the UK.

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