Mixed Reactions to CMA's U-Turn on Microsoft's Activision Deal

TL;DR Summary
Microsoft welcomes the Competition and Market Authority's revised findings that its purchase of Activision Blizzard will not harm competition in the console space, while Sony decries the decision as "surprising, unprecedented, and irrational." The CMA maintains its concerns around cloud gaming and Activision's portfolio giving Microsoft a distinct advantage in this space. Meanwhile, a university professor tells the UK regulator that cloud gaming is "not a distinct market" but instead refers to four types of gaming service that each rely on cloud streaming technology.
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