Entertainment Ubisoft innovations Sony BLOCK Provident

Microsoft Activision New Deal Triggers Fresh Investigation by U.K. Regulator

Reading now: 690
variety.com

Naman Ramachandran The U.K. Competition and Markets Authority (CMA) will open a fresh investigation after Microsoft and Activision Blizzard agreed on a new, restructured deal.

In April, the CMA had blocked Microsoft’s proposed $68.7 billion deal to buy video games giant Activision Blizzard over concerns the deal would alter the future of the fast-growing cloud gaming market, leading to reduced innovation and less choice for U.K.

gamers. Microsoft appealed against the decision, arguing that blocking the original deal was no longer appropriate in light of developments since then, including the acceptance of binding commitments by the European Commission and a licensing deal agreed between Sony and Microsoft.

The CMA reviewed the appeal and decided that it did not provide any basis for a change to the original prohibition decision.

Read more on variety.com
The website starsalert.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.

Related News

DMCA