Microsoft and Activision Blizzard have both confirmed their intent to appeal the CMA's decision to block the ABK acquisition... this saga is far from over.
on the grounds that it would"alter the future of the fast-growing cloud gaming market, leading to reduced innovation and less choice for UK gamers over the years to come." In a statement responding to the announcement, Microsoft president Brad Smith said that this rationale"appears to reflect a flawed understanding of this market and the way relevant cloud technology actually works.
It remains to be seen how the FTC will rule on the deal in the US, but in the meantime, it sounds like the gears are already in motion for Microsoft and Activision Blizzard to try and overturn the CMA's decision to block the deal. Kotick is right — this saga is far from over.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
UK blocks Microsoft Activision Blizzard dealMicrosoft's $68.7bn Activision Blizzard deal has been dramatically blocked by UK regulators, following a months-long in…
Read more »
Microsoft plans swift end to FTC's Activision Blizzard deal concerns - reportLater today, the UK's Competition and Markets Authority (CMA) is set to give its verdict on Microsoft's proposed $69bn …
Read more »
Competition watchdog blocks Microsoft bid to buy video game maker Activision BlizzardThe British competition watchdog has blocked Microsoft's bid to buy video game maker Activision Blizzard.
Read more »
The UK regulator has blocked Microsoft’s acquisition of Activision Blizzard | VGCThe regulator has found the merger would lessen competition in cloud gaming; Microsoft says it will appeal decision…
Read more »
Microsoft’s $75bn Activision takeover blocked by UK regulator\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
Read more »
Microsoft's Activision takeover blocked in UKThe Competition and Markets Authority says the deal would offer less choice for gamers.
Read more »