Budapest Post

Cum Deo pro Patria et Libertate
Budapest, Europe and world news

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

0:00
0:00
Close
Israel Warns France of Iranian Threats at Paris Olympics
EU Approves €4.2 Billion Payment to Kiev
Olaf Scholz to Run for German Chancellor Again in 2025
EU Relocates Summit to Punish Hungary over Orban's Ukraine Visit
World's Hottest Day Recorded on July 21
President Biden Returns to White House After Testing COVID Negative
Thousands Protest in Mallorca Against Mass Tourism
Hacking Vulnerabilities: Androids vs. iPhones
Ukraine Crisis Should Be EU's Responsibility, Says Trump’s Envoy
Joe Biden Withdraws from 2024 US Presidential Race
A Week of Turmoil: Key Moments in US Politics
Erdogan Challenges NATO Stance at 75th Anniversary Meeting
Hungary's Orban Shakes Up EU Leadership
German National Sentenced to Death in Belarus
Elon Musk's Companies Drop CrowdStrike After Global Windows 10 Outage
Trump Pledges to End Ukraine Conflict if Reelected
Global IT Outage Unveils Digital Vulnerabilities
US Criticizes International Court's Opinion on Israeli Occupation
EU’s Patronizing Attitude Towards Africa Revealed
Ukraine to Receive First One and a Half Billion Dollars of Seized Russian Funds
Netanyahu Denounces World Court Ruling on Israeli Occupation
Massive Flight Cancellations Across the U.S. Due to Microsoft Outage
Russia Accuses Ukraine of Using Chemical Weapons
Ursula von der Leyen Wins Second Term as European Commission President
Police Officer Injured in Attack in Central Paris
Record Heat Temperatures in Ukraine Amid Power Crisis
Japan to Allocate $3.3 Billion to Ukraine Using Frozen Russian Assets
EU Parliament Condemns Hungarian PM's Russia Visit
FBI Struggles to Find Motive Behind Trump Shooting Incident
Kremlin Criticizes EU Rejection of Orban’s Ukraine Peace Proposal
Russia's Electronic Warfare Neutralizes Western Weapons in Ukraine
Trump Challenges Biden to Debate and Golf Match
Macron Accuses Israeli Minister of Election Interference
US Senator Highlights Weaknesses in Western Military Industry During Ukraine Conflict
George Clooney Urges Biden to Withdraw from Presidential Race
Political Shift in the UK: A Detailed Analysis of Labour's Victory and Future Prospects
Viktor Orbán's Peace Mission: A Diplomatic Controversy in the EU
India Advocates Peace and Prosperity: PM Modi's Speech in Austria
New UK PM Keir Starmer Reaffirms Strong Support for Ukraine at NATO Summit
Spain PM Pedro Sanchez Denounces Double Standards on Gaza at NATO Summit
Sunita Williams Safe on ISS, to Address Earth on July 10
Biden Affirms Commitment To Presidential Race
France Faces Political Turmoil and Airport Strikes Ahead of Paris Olympics 2024
Putin Hosts PM Modi for a Private Meeting
Boeing Pleads Guilty Over 737 MAX Crashes
2024 Predicted to Be World's Hottest Year
White House Denies Biden Being Treated for Parkinson's Disease
Biden to Meet New UK Prime Minister Keir Starmer
Biden Insists on Continuing Presidential Race Amid Criticism
UK Defence Minister Pledges Enhanced Support to Ukraine
×