Microsoft-Activision Blizzard £55bn merger approved by EU - despite UK rejection

In response, Activision Blizzard CEO Bobby Kotick, said:"The EC conducted an extremely thorough, deliberate process to gain a comprehensive understanding of gaming.

Sarah Cardell, chief executive of the UK Competition and Markets Authority, said:"The UK, US and European competition authorities are unanimous that this merger would harm competition in cloud gaming. The CMA concluded that cloud gaming needs to continue as a free, competitive market to drive innovation and choice in this rapidly evolving sector.

Singapore Singapore Latest News, Singapore Singapore Headlines

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

The European Commission has cleared Microsoft’s acquisition of Activision Blizzard | VGCThe European Commission has cleared Microsoft’s acquisition of Activision Blizzard.
Source: VGC_News - 🏆 125. / 51 Read more »

Microsoft's Activision Blizzard acquisition approved by European regulatorsThe European Commission has approved Microsoft's acquisition of Activision Blizzard just weeks after the deal was blocked by regulators in the UK.
Source: TrueAchievement - 🏆 31. / 68 Read more »

EU approves Microsoft's $68.7 billion acquisition of Activision BlizzardThe EU Commission has approved Microsoft's proposed acquisition of Activision Blizzard.
Source: pcgamer - 🏆 38. / 67 Read more »

EU clears Microsoft-Activision deal despite UK’s decision to block acquisition\n\t\t\tExclusive scoops\n\t\t\tSmart data to help spot risk and opportunity\n\t\t\tAnalysis of broader trends in M&A\n\t\t\tLex, our agenda-setting business commentary (Premium only)\n\t\t\tDue Diligence, an exclusive M&A newsletter (Premium only)\n\t\t
Source: FT - 🏆 113. / 51 Read more »