UK Watchdog Says Microsoft's $75 Billion Purchase of Activision Raises Competition Concerns
September 01 2022 - 7:53AM
Dow Jones News
By Jaime Llinares Taboada
The U.K.'s Competition and Markets Authority said Thursday that
the proposed $75 billion acquisition of videogame publisher
Activision Blizzard Inc. by Microsoft Corp. raises competition
concerns, and that it intends to conduct an in-depth probe into the
deal.
The regulator said that the purchase could substantially lessen
competition in gaming consoles, multi-game subscription services,
and cloud gaming services.
Specifically, the British watchdog said it is concerned that
Microsoft could refuse rivals access to Activision games--which
include Call of Duty and World of Warcraft. Microsoft is the owner
of Xbox, one of the most popular gaming consoles.
The CMA said that these concerns warrant an in-depth Phase 2
investigation, and Microsoft and Activision now have five working
days to submit proposals to address these concerns.
Write to Jaime Llinares Taboada at jaime.llinares@wsj.com;
@JaimeLlinaresT
(END) Dow Jones Newswires
September 01, 2022 07:38 ET (11:38 GMT)
Copyright (c) 2022 Dow Jones & Company, Inc.
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