UK watchdog defends Microsoft block in face of onslaught from companies

LONDON : The boss of Britain's antitrust regulator said blocking Microsoft's acquisition of 'Call of Duty' maker Activision Blizzard was the right decision for the UK after both companies said it sent the wrong message to the global tech industry.

Microsoft's president Brad Smith said the decision"had shaken confidence in the UK tech industry" and was"probably the darkest day in our four decades in Britain". "There's a clear message here - the European Union is a more attractive place to start a business than the United Kingdom," he added. "That's important for UK consumers and UK business and it's those UK consumers and UK businesses that the CMA is here to protect," she told BBC radio.

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

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

Activision Blizzard pre-releases earnings after Britain blocks Microsoft dealCall of Duty maker Activision Blizzard beat quarterly bookings estimates on Wednesday (Apr 25), as it reported results a day earlier to allay concerns about its business after Britain block
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »