Microsoft CEO appeals, Activision Blizzard may withdraw from UK market

WBOY
Release: 2023-05-22 09:34:35
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According to news on May 19, the British Competition and Markets Authority (CMA) blocked Microsoft’s $69 billion proposal to acquire Activision Blizzard last month, which became the biggest obstacle facing the deal.

Microsoft CEO Satya Nadella recently said in an interview that he has launched an appeal against the CMA's decision. According to ITBEAR Technology Information, Microsoft has not ruled out the possibility of withdrawing Activision Blizzard products from the UK market to resolve existing resistance. Still, he remains optimistic about the takeover, saying: "Let's wait until this is over." However, the UK and the CMA are not the only places blocking the takeover. The U.S. Federal Trade Commission tried to block Microsoft from the deal through an antitrust lawsuit in December. This shows that Microsoft faces challenges from multiple regulatory agencies.

On the other hand, the European Commission recently approved the deal and said Microsoft has committed to taking steps to address competition concerns, which represents a significant step forward for cloud gaming. Although it respects the European Commission's opinion, the CMA said in a statement that it still firmly supports its decision.

The road to Microsoft’s acquisition of Activision Blizzard has become extremely difficult due to a series of legal and regulatory challenges. The final outcome of the deal remains uncertain as appeals proceed. The outcome of this case will have a profound impact on the competitive landscape of the technology industry, and no matter what, it deserves attention. We will continue to pay attention and report relevant developments in a timely manner.

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source:itbear.com
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