Beautiful Virgin Islands

Thursday, Oct 24, 2024

UK further restricts Microsoft and Activision merge

UK further restricts Microsoft and Activision merge

The Competition and Markets Authority (CMA) has restricted Microsoft and Activision Blizzard from "acquiring an interest" in each other.

It published an interim order stating they would need "prior written consent" from the UK regulator before making acquisitions between the companies.

The order applies to the businesses as well as their subsidiaries.

It comes two weeks after the regulator blocked Microsoft's $68.7bn (£54.8bn) deal to buy Activision Blizzard.

The takeover would have seen Microsoft acquire such hit titles as Call of Duty, Overwatch and World of Warcraft.

But the regulator said it was concerned the deal would offer reduced innovation and less choice for gamers in the cloud gaming business.

Microsoft and Activision criticised the decision and said they would appeal, with an Activision official saying at the time it showed the UK was "clearly closed for business".

To go through, the deal has to be approved by regulatory bodies in the UK, United States and European Union.

The CMA was the first regulator to make a ruling, in April. The EU is expected to make a decision in May.

In the interim order, the CMA wrote it was "preventing pre-emptive action" from Microsoft or Activision Blizzard.

The order prevents the businesses from acquiring an interest in each other, including their subsidiaries, or businesses that themselves have interest in the companies.

For example:

*  Activision Blizzard could not invest in Microsoft's Xbox Game Studios

*  Microsoft could not invest in Activision Blizzard subsidiaries such as King, the studio that makes hit mobile game Candy Crush Saga

The order states the companies should "immediately notify the CMA" if they have "any reason to suspect" the order has been breached.

A Microsoft official told BBC News: "We remain firmly committed to this deal and look forward to presenting our case to the Competition Appeal Tribunal."

Activision Blizzard has been approached for comment.

Newsletter

Related Articles

Beautiful Virgin Islands
0:00
0:00
Close
Former US President Barack Obama raps the lyrics to Eminem's ‘Lose Yourself’ after the rapper introduces him at a Kamala Harris rally in Detroit
KYIV URGES NORTH KOREAN TROOPS IN UKRAINE TO SURRENDER
Ofcom Identifies Link Between Social Media Posts and UK Unrest
Russian Boxer Receives Lifetime Ban for Illegal Move in Boxing Debut
Biden Labels Trump a Threat to Democracy
McDonald's Linked to E. coli Outbreak Leading to One Death
Teacher Enoch Burke arrested at Wilson’s Hospital School in Ireland after refusing to endorse and affirm transgender ideology.
FBI Investigates Leak of US Intelligence on Israeli Strike Plans
Israeli Airstrike Targets Hezbollah's Financial Resources
China’s Baidu is revolutionizing transportation with its robotaxi service
Angela Rayner Secures Permanent Seat on UK National Security Council
Russian Ambassador Claims UK's Proxy War in Ukraine
Doctor Advocates for Assisted Dying Law Reform
Ruth Davis Appointed as UK’s First Nature Envoy
Pressure Mounts on Starmer to Discuss Reparations at Commonwealth Summit
James Cleverly’s Costly In-Flight Catering for Government Trips
AI Regulation Takes Center Stage in 2024 US Presidential Campaign
NASA Study Explores Potential Microbial Life Beneath Mars' Ice
Cats: The Liquid-Like Pets
Netanyahu Condemns Alleged Hezbollah Assassination Attempt
Liam Payne's Tragic Death: Tributes Pour In
Cuba's Power Struggles: Nationwide Blackout Strikes Again
Xi Jinping Urges Troops to Prepare for Conflict Amid Taiwan Drills
Farage Supported by US PR Team Linked to Steve Bannon
Controversy Over MP's Comments on Female Candidate's Family Responsibilities
Highlights from the Conservative Leadership Contest TV Debate
Childminder Jailed for Inciting Racial Hatred After Southport Attack
NHS England's Repair Bill Soars to Almost £14 Billion
Russia Accused of Using Incendiary Devices to Disrupt Western Confidence
Culture Wars: 'A Dog Whistle to Attack the Right', Says Badenoch
Virtual Reality and Advanced Technologies in Combating Cocaine Addiction
Chancellor Rachel Reeves Assembles Taskforce to Safeguard Financial Stability Amid Increased Borrowing Plans
RAF Typhoon Intercepts Air India Flight After Bomb Threat
Hamas Chief Yahya Sinwar Killed in Israeli Operation
Fruit Fly Gut Hormone Study Sheds Light on Human Longevity
Tragic Loss: Liam Payne's Passing in Buenos Aires
Liam Payne's Tragic Death in Buenos Aires
Trump Criticizes Zelensky for Role in Ukraine-Russia War
Yahya Sinwar’s Death Marks Pivotal Moment in Gaza War
Tragic End for Liam Payne: Fall from Buenos Aires Hotel
US Warns Israel of Potential Aid Cuts Over Gaza Assistance Delays
Meta Faces Legal Battle Over Teen Social Media Addiction
UK Government Proposes Weight-Loss Injections to Combat Obesity and Boost Employment
UK Gambling Firms Face Market Turmoil Amid Possible Tax Hike
Labour MP Criticizes UK's Dependence on Elon Musk's X
Tracey Emin Questions the Longevity of Male Artists' Creativity
Pay Growth Decline in Great Britain May Lead to Interest Rate Cuts
David Cameron Reveals Planned Sanctions on Israeli Ministers
UK Unveils Weight Loss Jabs for Unemployed to Boost Health and Economy
Incineration: UK's Dirtiest Power Source
×