All articles tagged with #cloud gaming market
Microsoft has filed an appeal against the UK antitrust regulator's decision to block its proposed acquisition of Activision Blizzard due to concerns about its impact on the cloud gaming market. The case will be reviewed by the UK's Competition Appeal Tribunal, which aims to complete "straightforward" cases in under nine months. The European Commission and China's competition regulator have already cleared the deal.
The UK's Competition and Markets Authority (CMA) has defended its decision to block Microsoft's $68.7bn acquisition of Activision Blizzard before the UK's Business and Trade Committee. The CMA's chair and chief executive said that approving the deal would be "turning a blind eye to anti-competitive mergers." The CMA blocked the deal over concerns that it would alter the future of the fast-growing cloud gaming market. The European Commission approved the deal, but the CMA refused Microsoft's proposition to protect the cloud gaming market.
Microsoft's president, Brad Smith, criticized the UK regulator's decision to block its acquisition of Activision Blizzard, saying it had shaken confidence in Britain as a destination for tech businesses. The Competition and Markets Authority (CMA) blocked the deal, saying it could hit competition in the nascent cloud gaming market. Microsoft hit back, saying it was "probably the darkest day in our four decades in Britain" and sent the wrong message to the global tech industry about the UK. The company said it would appeal the decision.