Microsoft’s proposed Activision Blizzard acquisition could potentially be blocked in the UK by the Competition and Markets Authority (CMA) by as much as 10 years.The regular announced last week that it has decided not to support the planned acquisition of the publishing powerhouse, citing fears that the Xbox format holder may end up dominating the cloud gaming market. Unsurprisingly, Microsoft has announced that it will contest the decision, and Bobby Kotick has similarly expressed his disappointment over the CMA’s decision.However, the CMA has revealed in an extensive 400-page report that it could potentially prevent the acquisition for a decade, as it’s general practice.Related Content – Sony PS5 Complete Guide – Everything Explained About PlayStation 5 For New Owners In 2023Prohibition would be effected by accepting undertakings under section 82 of the Act or making an order under section 84 of the Act, prohibiting the Merger and preventing the Parties from attempting to merge for a further period: our normal practice would be to prevent a future merger between the Parties for the next ten years, absent a change of circumstances.A number of countries have confirmed that they have approved the Microsoft deal, most recently Ukraine, which joins the likes of Brazil, Japan, and South Africa.[Source – ResetEra via PSLS]
Source link
