UK Blocks $69 Billion Microsoft-Activision Deal
According to reports, U.K. regulators have blocked Microsoft’s acquisition of Activision Blizzard. The deal worth $69 billion was dismissed following a months-long investigation by UK’s Competition and Markets Authority [CMA]. JUST IN: UK blocks Microsoft's $69 billion deal to acquire Activision. — Watcher.Guru (@WatcherGuru) April 26, 2023 In January 2022, Microsoft revealed its plan to purchase Activision Blizzard for $69 billion. It was one of the largest deal agreements in the video game industry. The latest move follows previous worries about how the acquisition would have an unfair effect on archrival PlayStation. The CMA’s concern over the deal’s potential impact on the cloud gaming industry as a whole led to today’s conclusion. Activision Blizzard’s ownership by Microsoft, according to the CMA’s final assessment released today, might “stifle competition in this growing market.” The regulator reportedly found evidence that showed Microsoft would find it com...