-
The U.K. blocks the Microsoft deal to acquire a giant video game company
The UK’s competition regulator on Wednesday blocked Microsoft’s $69-billion purchase of video game maker Activision Blizzard over fears it would stifle competition in the fast-growing cloud gaming market. In its final report, the Competition and Markets Authority said that “the only effective remedy” to the substantial loss of competition was to prohibit the deal. The…
-
The FTC is taking Microsoft to court
Microsoft’s proposed acquisition of Activision Blizzard has been opposed by US Federal Trade Commission (FTC), UK’s Competition and Markets Authority (CMA) and European Union. The FTC said Microsoft’s takeover would enable it to suppress competitors to its Xbox consoles and its rapidly growing subscription content and cloud- gaming business. The CMA said the deal could…