In early July, it became known that the UK Competition and Markets Authority (CMA) was checking a deal to take over the gaming giant Activision Blizzard by Microsoft. Today, September 1, UK regulators declared about the need to study this transaction more carefully.
The UK Competition and Markets Authority has expressed concern that the massive $68.7 billion acquisition could hurt Microsoft’s competitors, which could do well to restrict access to games from Activision Blizzard’s vast library. CMA officials also fear that “the combined company will stifle competition in the emerging cloud gaming market.”
The British authorities have given both companies five days to come up with proposals to address their concerns, otherwise they will conduct a more thorough investigation. Microsoft President Brad Smith said his company is “ready to work with the CMA on the next steps and resolve any issues.”
Regulators around the world are scrutinizing the deal, which was announced in January. So far, only Saudi Arabia has announced approval of the purchase of Activision Blizzard.
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