The British regulator has blocked Microsoft’s purchase of Activision Blizzard for $69 billion – the companies will appeal

The British Competition and Markets Authority (CMA) has blocked Microsoft’s acquisition of one of the largest game publishers, Activision Blizzard, for $68.7 billion. The CMA previously made a preliminary ruling that the deal would not harm the console gaming industry.

Course

IT education for teenagers

pic

The Competition and Markets Authority believes that its competition concerns cannot be resolved through the sale of Call of Duty or measures that include allowing competitors to offer the game on their platforms.

“Microsoft already has a strong position and advantage over competitors in cloud gaming, and this deal will strengthen it, giving the company the opportunity to damage the activities of new, more innovative competitors,” said Martin Coleman, chairman of the independent expert group that led the investigation of the purchase.

The CMA’s findings came ahead of decisions by the European Union and the US Federal Trade Commission expected in the summer. Microsoft and Activision will appeal against the CMA’s decision.

Mobile games make more money for Activision Blizzard than PC and console games combined

Source: Bloomberg

Related Posts

Tesla Optimus humanoid robots slowly “walk” through the shops with a Cybertruck and very accurately reproduce human movements.

Tesla has released a new video featuring its Optimus humanoid robots – they walk more confidently, recognize their environment and interact with objects. In general, the robots…

The head of OpenAI, Sam Altman, proposed creating an agency to control AI and issue development licenses

At a US Senate hearing, OpenAI CEO Sam Altman suggested creating an agency to oversee AI models that operate “above a certain level of capability.” The agency…

Musk Says There Would Be No OpenAI and ChatGPT Microsoft Now “Controls” Without Him – Satya Nadella Says That’s “Not So”

Tesla CEO Elon Musk said in an interview with CNBC that he is the reason OpenAI exists, citing his previous investments in the company. “I came up…

The SBU exposed six bloggers who “illuminated” the work of air defense during the Russian missile attack on Kyiv on May 16 – they face up to 8 years in prison

The Security Service of Ukraine has established the identities of six residents of Kyiv who illegally disseminated information about the work of air defense forces during the…

DarkBERT is a specialized AI model for darknet research

The development of artificial intelligence involves the creation of highly specialized language models. The narrower the field of study, the more adequate answers AI gives in it….

Ubisoft bets everything on the Assassin’s Creed series – will increase the development team by 40% and release a collection of licensed NFT characters

During the quarterly report, Ubisoft announced a significant increase in the team of developers working on the Assassin’s Creed series — their total number will increase by…

Leave a Reply

Your email address will not be published. Required fields are marked *