The Competition and Markets Authority (CMA) in the UK has stopped Microsoft from buying Activision Blizzard for $68.7 billion. The government agency said that “the merger could make Microsoft even stronger in cloud gaming, stifling competition in this growing market.” Microsoft has already said that it will appeal the ruling, and now the video game company has made a statement.
‘The UK is Clearly Closed for Business
Activision Blizzard Says that The Findings of The Cma’s Report Hurt the People of The Uk. It Said that The Company and Microsoft Would Work Hard on An Appeal to Get This Changed.
What a game creator said about the UK ban on the deal between Microsoft and Activision Blizzard
The Competition and Markets Authority (CMA) in the UK has stopped Microsoft from buying Activision Blizzard for $68.7 billion. The government agency said that “the merger could make Microsoft even stronger in cloud gaming, stifling competition in this growing market.”
Microsoft has already said that it will appeal the ruling, and now the video game company has made a statement.
Blow to Microsoft
Activision Blizzard says that the findings of the CMA’s report hurt the people of the UK. It said that the company and Microsoft would work hard on an appeal to get this changed.
“The CMA’s report goes against the UK’s plans to become a good place to start technology companies. We will work hard with Microsoft to get this changed when we appeal. “The report’s conclusions do a disservice to people in the UK, whose economic prospects are getting worse,” the game company said.
“We will look at our plans for growth in the UK again. “Global innovators, big and small, will take note that the UK is clearly closed for business, despite what it says,” Activision Blizzard said.
CMA’s Report
In its report, CMA said that the deal would make Microsoft even stronger in the market by giving it power over important gaming content like Call of Duty, Overwatch, and World of Warcraft
In a press statement, the regulator said, “The evidence available to the CMA shows that, if the merger didn’t happen, Activision would start offering games through cloud platforms in the near future.”
Before, the CMA had “provisionally concluded” that Microsoft’s purchase of Activision Blizzard “will not substantially lessen competition in console gaming services” because it would cost Microsoft more to keep Call of Duty (COD) away from PlayStation than it would be worth.
Read More:
Apple Is Apparently Closer to Integrating Non-Invasive Glucose Monitoring Technology to Its Watch.
Lava Yuva 2 Pro Review: An Entry-Level Smartphone With A Focus on Design
