UK blocks Microsoft’s planned $68.7B Activision bid, saying it would ‘substantially weaken competition’

VR AR MR XR

UK blocks Microsoft’s planned $68.7B Activision bid, saying it would ‘substantially weaken competition’

The U.K.’s Competition and Markets Authority (CMA) has confirmed that it intends to block Microsoft’s megabucks Activision acquisition, concluding that such a merger would create “…the most powerful operator” in the cloud gaming market. The CMA noted that with Microsoft’s current share of 60-70% of the U.K. cloud gaming market, acquiring Activision’s portfolio of games […]

UK blocks Microsoft’s planned $68.7B Activision bid, saying it would ‘substantially weaken competition’ by Paul Sawers originally published on TechCrunch

UK blocks Microsoft’s planned $68.7B Activision bid, saying it would ‘substantially weaken competition’

2023-04-26 22:00

11 views

Same Tag Posts

  1. Here are the hottest product announcements from Apple, Google, Microsoft and others so far in 2024 ()
  2. Feather raises €6 million to go pan-European with its insurance platform for expats ()
  3. Rohlik rolls up $170M to expand in European grocery delivery and sell its tech to others ()
  4. As Spain gets its latest VC fund, Southern Europe appears to be on a roll ()
  5. Illumex is using GenAI to ease pain of getting good data into LLMs ()
  6. Directo turns a TikTok travel hack into a deal-finding Chrome extension ()
  7. Axelera lands new funds as the AI chip market heats up ()
  8. Orby is building AI agents for the enterprise ()
  9. Temasek, Main Sequence back enzymatic recycling tech startup Samsara Eco in $65M ()
  10. Video editing app Captions releases AI edit feature that automatically adds effects to your video ()

Same Category Posts