Microsoft’s $68.7BN deal for games giant Activision Blizzard has been blocked by regulators in the UK.
Both companies hit out at the Competition and Markets Authority (CMA), which ruled the proposed takeover would “alter the future of the fast-growing cloud gaming market.”
The CMA had outlined its issues with the deal in February and said today’s final, binding ruling came after “Microsoft’s proposed solution failed to effectively address the concerns in the cloud gaming sector.”
It had launched an in-depth review of the merger back in September 2022.
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Jesse Whittock
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