Britain's antitrust watchdog said on Wednesday it had started an investigation into Microsoft Corp's $68.7 billion deal to buy 'Call of Duty' maker Activision Blizzard Inc .
The Competition and Markets Authority said it had until Sept. 1 to make its phase 1 decision on whether the deal between the U.S. technology company and video-game maker Activision would reduce competition in the UK.
The phase 1 investigation by the CMA will either lead to the deal being cleared or will move to a more in-depth phase 2 probe.In the biggest gaming industry deal in history, Microsoft in January said it was buying Activision Blizzard. According to Refinitiv data, the Microsoft-Activision deal would be the largest all-cash acquisition on record.
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