"UK Regulator Blocks Microsoft's Activision Takeover, Stock Markets React"

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Source: The Wall Street Journal
"UK Regulator Blocks Microsoft's Activision Takeover, Stock Markets React"
Photo: The Wall Street Journal
TL;DR Summary

The U.K.'s antitrust watchdog, the Competition and Markets Authority, has rejected Microsoft's $75 billion deal to acquire game maker Activision Blizzard, citing concerns over competition in the gaming industry. The regulator has been reviewing the deal for months and said that Microsoft's proposed undertakings were insufficient to ease its worries. The rejection poses a significant hurdle for Microsoft in its attempt to gain global approval for the acquisition.

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