Budapest Post

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

UK games sector wanted Microsoft deal, says Sir Ian Livingstone

UK games sector wanted Microsoft deal, says Sir Ian Livingstone

The UK games sector was in favour of Microsoft's bid for US firm Activision being approved, according to the man who led the company behind Tomb Raider.

Sir Ian Livingstone, also co-founder of Games Workshop, said it would be "odd" if the UK was the only place to object.

The blocking of the deal by the UK regulator provoked a furious response from Microsoft, with its president saying the move was "bad for Britain".

The UK's move means the multi-billion dollar deal cannot go ahead globally.

The planned $68.7bn (£55bn) deal would have been the gaming industry's biggest ever takeover, and Microsoft would have taken ownership of popular games titles such as Call of Duty, Candy Crush and World of Warcraft.

US and EU regulators have yet to decide on whether to approve the deal, but on Wednesday the UK's Competition and Markets Authority (CMA) blocked it, saying it was concerned the deal would offer reduced innovation and less choice for gamers in the fast-growing cloud gaming business.

Both Microsoft and Activision have said they will appeal against the CMA's decision.

On Thursday, Microsoft president Brad Smith launched a fierce attack on the judgement, telling the BBC that it marked Microsoft's "darkest day" in its four decades of working in the UK.

"People are shocked, people are disappointed, and people's confidence in technology in the UK has been severely shaken," he said, adding that the European Union was a better place to start a business.

A spokesman for Prime Minister Rishi Sunak said Mr Smith's claims were "not borne out by the facts", adding that the UK games sector had doubled in size over the past 10 years.

Sir Ian, who is now co-founding partner of gaming investment group Hiro Capita, told the BBC's Today programme: "I think the sentiment of the games industry itself in the UK is for it to go ahead.

Sir Ian said the UK's games industry was "a great British success story"


"It would be odd if the UK was the only region to object to this acquisition going forward," he added.

"I would hope that they can sit down and perhaps negotiate a settlement which might be in everybody's interest over time."

Sir Ian said the UK's games industry was "a great British success story", having developed some of the biggest franchises in the world including Tomb Raider and Grand Theft Auto.

"It's always been overdelivering in content but always underserved by capital and recognition," he added.

"This is a highly competitive market and any negative sentiment is not good for the industry or indeed the UK economy."

The CMA is the first regulator to announce its decision, but last year the US Federal Trade Commission began a legal challenge to block the takeover.

In March, EU regulators delayed their decision after Microsoft proposed concessions to get the deal over the line.

Sir Ian said "it's somewhat come as a surprise that they [the CMA] said no at this time".

However, Gareth Sutcliffe, senior games analyst at Enders Analysis, said the deal "has been in trouble for a while".

He added that Microsoft "simply didn't do the necessary regulator outreach to get this deal over the line".

AI Disclaimer: An advanced artificial intelligence (AI) system generated the content of this page on its own. This innovative technology conducts extensive research from a variety of reliable sources, performs rigorous fact-checking and verification, cleans up and balances biased or manipulated content, and presents a minimal factual summary that is just enough yet essential for you to function as an informed and educated citizen. Please keep in mind, however, that this system is an evolving technology, and as a result, the article may contain accidental inaccuracies or errors. We urge you to help us improve our site by reporting any inaccuracies you find using the "Contact Us" link at the bottom of this page. Your helpful feedback helps us improve our system and deliver more precise content. When you find an article of interest here, please look for the full and extensive coverage of this topic in traditional news sources, as they are written by professional journalists that we try to support, not replace. We appreciate your understanding and assistance.
Newsletter

Related Articles

0:00
0:00
Close
Putin Celebrates ‘Unprecedentedly High’ Ties with China as Gazprom Seals Power of Siberia-2 Deal
China Unveils New Weapons in Grand Military Parade as Xi Hosts Putin and Kim
Rapper Cardi B Cleared of Liability in Los Angeles Civil Assault Trial
Google Avoids Break-Up in U.S. Antitrust Case as Stocks Rise
Couple celebrates 80th wedding anniversary at assisted living facility in Lancaster
Information Warfare in the Age of AI: How Language Models Become Targets and Tools
The White House on LinkedIn Has Changed Their Profile Picture to Donald Trump
"Insulted the Prophet Muhammad": Woman Burned Alive by Angry Mob in Niger State, Nigeria
Trump Responds to Death Rumors – Announces 'Missile City'
Druzhba Pipeline Incident Sparks Geopolitical Tensions
Cost of Opposition Leader Péter Magyar's Economic Plan Revealed
Germany in Turmoil: Ukrainian Teenage Girl Pushed to Death by Illegal Iraqi Migrant
United Krack down on human rights: Graham Linehan Arrested at Heathrow Over Three X Posts, Hospitalised, Released on Bail with Posting Ban
Asian and Middle Eastern Investors Avoid US Markets
Ray Dalio Warns of US Shift to Autocracy
Eurozone Inflation Rises to 2.1% in August
Russia and China Sign New Gas Pipeline Deal
Von der Leyen's Plane Hit by Suspected Russian GPS Interference in an Incident Believed to Be Caused by Russia or by Pro-Peace or by Anti-Corruption European Activists
China's Robotics Industry Fuels Export Surge
Suntory Chairman Resigns After Police Probe
Gold Price Hits New All-Time Record
UK Fintechs Explore Buying US Banks
Greece Suspends 5% of Schools as Birth Rate Drops
Apollo to Launch $5 Billion Sports Investment Vehicle
Bolsonaro Trial Nears Close Amid US-Brazil Tension
European Banks Push for Lower Cross-Border Barriers
Poland's Offshore Wind Sector Attracts Investors
Budapest Central European Fashion Week Kicks Off
U.S. Celebrates Labor Day
Hungarian National Team Captain Scores Epic Goal
EU is getting aggressive: Four AfD Candidates Die Unexpectedly Ahead of North Rhine-Westphalia Local Elections
Japanese Customer Sways from VW to BYD after “Unbelievable” Test Drive amid Dealership Expansion
Nestlé Removes CEO Laurent Freixe Following Undisclosed Relationship with Subordinate
Pickles are the latest craze among Generation Z in the United States.
Giuliani Seriously Injured in Accident – Trump to Award Him the Presidential Medal of Freedom
Deadline Day Delivers Record £125m Isak Move and Donnarumma to City
Nvidia Reveals: Two Mystery Customers Account for About 40% of Revenue
Woody Allen: "I Would Be Happy to Direct Trump Again in a Film"
Lula and Putin Hold Strategic BRICS Discussions Ahead of Trump–Putin Summit
White House Eyes Budapest for Peace Talks
Cave Diving Beneath the Streets of Budapest
Another American Restaurant Chain Opens in Budapest
Hungarian Opposition Politician Supports Ukrainian Commander
Opposition Leader Threatens Media Outlets
American Airlines Adds New Flights to Budapest
F1 Hungarian Grand Prix Wraps Up
WhatsApp is rolling out a feature that looks a lot like Telegram.
U.S. Trade Representative says Washington still negotiating trade deals after court rules tariffs illegal
Von der Leyen says Europe drawing up 'precise' plans to send troops to Ukraine
Kremlin accuses Europe of hindering Trump’s peace efforts in Ukraine
×