New Barrier to Microsoft – Activison Purchase from UK

The UK Competition and Markets Authority has extended the deadline to decide on the Microsoft – Activision Blizzard acquisition.

The historic $68.7 billion acquisition of Microsoft – Activision Blizzard is now nearing the end of the road. opposing the purchase US Federal Trade Commission (FTC)was found unfair by the judge against Microsoft.

With this decision, only one major obstacle remained for Microsoft: the UK Competition and Markets Authority (CMA). Just like the FTC, the CMA also preceded this purchase, and continues to do so. Today, A new step against buying from CMA came too.

CMA extended the investigation period for another 6 weeks!

CMA, which started an investigation into the purchase last fall, said that Microsoft’s “detailed and complex applicationannounced that it has extended the duration of the investigation for another 6 weeks due to ”.

With the extension process in question, the final decision date for the CMA is 18 July. Postponed to August 29. However, it was added that the decision will be made as soon as possible.

The UK’s concern is cloud technology, not “quality of games” like the FTC:

CMA is slowing Microsoft’s acquisition of Activision Blizzard due to its concern in the cloud gaming market. In a statement made on April 26, the organization stated that if the deal is concluded, Microsoft will will have 60% – 80% market share suggested. He also underlined that competition will decrease.

According to the latest news, Microsoft has even started to consider transferring its cloud gaming business to a different company to rein in CMA’s concerns. what will be the result in the coming weeks We’ll see.

RELATED NEWS

Microsoft-Activision Blizzard Acquisition Nears End: Activision Withdrawal from Stock Exchange!

RELATED NEWS

Türkiye Grants “Unconditional” Approval to Microsoft’s Acquisition of Activision Blizzard

Source :
https://www.engadget.com/uk-competition-regulator-extends-microsoft-activision-investigation-by-six-weeks-103541516.html?src=rss


source site-34