Regulatory Authority for Markets and Competition United Kingdom (CMA) announced this Wednesday that it has blocked Microsoft from acquiring the video game company. Activision Blizzardworth 55,000 million pounds (62,163 million euros).
Martin Coleman, head of the independent panel of experts that oversees the British regulator’s investigation, said Wednesday. Microsoft already has a strong and advantageous position in cloud gaming services compared to other competitors. (“cloud games”) and this agreement will reinforce this advantage by providing the ability to get ahead of new and innovative competitors.”
“Microsoft has worked constructively with us to address these issues, and we are grateful for that, but their recommendations were not effective in addressing our concerns and would replace competition with ineffective regulation in a dynamic new market.” To disclose a report of the CMA.
As Coleman emphasizes, “‘cloud games’ need a free and competitive market Driving innovation and choice.” “The best way to achieve this is to let the current competitive dynamics in cloud gaming services continue to do their job,” he added.
A spokesperson for Activision Blizzard, learning of the CMA’s decision, became the creator of the popular ”game.call of Duty‘- Noting that “the CMA report contradicts the UK’s ambition to be an attractive country to develop tech businesses”, he predicts the company will “work aggressively with Microsoft to reverse this” by appeal. “The report’s findings serve British citizens badly“Facing increasingly challenging economic prospects,” he said.
The same Activision Blizzard source also noted: group to reconsider growth plans for UK and warned that “global innovators alike, big and small, will note that despite all this rhetoric, the UK is clearly non-tradable”.
Last month, the British regulator had partially cleared the way. For the American tech giant to complete its purchase of the video game creator.
The CMA later removed one of the main caveats to the operation in a preliminary report, thinking the acquisition would “not lead to a significant reduction in competition” on video consoles after analyzing “new evidence”.
Regardless, the organism continued its research ‘in the cloud’ on the effects of purchasing in the video game market, as the European Commission and the United States continue to do.
UK regulator’s decision According to experts, it paves the way for both Brussels and Washington to follow up and veto the operation..