Microsoft's $69 billion Activision takeover in doubt as UK regulator raises competition concerns
Publishing timestamp: 2023-02-08 11:12:24
Summary
The U.K.'s Competition and Markets Authority has published a provisional decision on Microsoft's $69 billion acquisition of gaming giant Activision Blizzard, stating that the takeover raises competition concerns and may result in higher prices, fewer choices and less innovation. Microsoft and Activision Blizzard have until Feb. 22 to respond, and the CMA is set to issue a final decision on April 26. The deal also faces scrutiny in the U.S. and European Union.
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Keywords: apple inc, media, activision blizzard inc, amazon.com inc, microsoft corp, nintendo co ltd, meta platforms inc, business news, technology, netease inc, gaming software, sony group corp,