Microsoft is betting its future on cloud gaming — but that's what tripped up the Activision deal
Publishing timestamp: 2023-04-28 01:10:21
Summary
UK regulators have blocked Microsoft's $68.7 billion bid to acquire Activision Blizzard due to concerns that Microsoft's dominance in cloud gaming could harm competition in the market. Microsoft's cloud gaming technology is a core part of its gaming offering, and the acquisition of Activision Blizzard would have added popular game franchises to its Xbox gaming division. However, regulators fear that Microsoft could withhold blockbuster titles from other cloud gaming platforms in the future. Cloud gaming is still in its infancy, but revenues are expected to more than double by 2026.
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Keywords: gaming software, markets, electronic arts, media, nintendo co ltd, sony group corp, satya nadella, alphabet inc, technology, internet, microsoft corp, activision blizzard inc, netflix inc, business news,