CMA blocks deal between Microsoft and Activision Blizzard
The British antitrust regulator CMA blocked the deal between Microsoft and Activision Blizzard. This decision became as a surprise to both sides.
CMA published a report in which it recognized the potential deal as dangerous for the gaming market. In particular, the antitrust regulator noted that the deal threatens innovation, the choice of the platform for players, as well as cloud gaming. The CMA suggested that the acquisition of Activision Blizzard will allow Microsoft to make few important projects Xbox exclusives.
After the release of the report, Activision Blizzard stocks fell 10%. Microsoft has already pledged its intention to appeal to the UK Competition Appeals Tribunal. Bobby Kotick, head of Activision Blizzard, stated that the company will help Microsoft in the lawsuit.