Microsoft's Phil Spencer Responds to UK Blockade of Activision Deal and Plans Next Steps.

Head of Xbox Phil Spencer has called the Competition and Market Authority's (CMA) decision to block Microsoft's Activision-Blizzard acquisition "disappointing" while reiterating the company's confidence in and commitment to closing the deal. The CMA cited concerns about the cloud gaming market, but Spencer disputes this reasoning, saying that the market doesn't really exist yet. Microsoft is appealing the decision and has secured nine of its fourteen desired regulatory approvals. Spencer also addressed the negative reception to Redfall and announced an Xbox Showcase and Starfield Direct double-feature on June 12.