Activision shares jump as British competition regulator drops key concern on Microsoft takeover
Publishing timestamp: 2023-03-24 11:58:03
Summary
The UK's Competition and Markets Authority has dropped some of its concerns about Microsoft's takeover of Activision Blizzard, stating that it no longer believes the deal would lead to a substantial lessening of competition in the console games market. However, the regulator still has reservations about the deal as it pertains to cloud gaming. Microsoft has also won support from some companies that were previously against the deal, but it still faces uncertainty from regulators in the US and European Union.
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Keywords: nvidia corp, gaming software, politics, internet, activision blizzard inc, breaking news: europe, technology, sony group corp, nintendo co ltd, microsoft corp, business news,