By Joe Hoppe

 

The U.K. competition regulator said Wednesday that it has opened an investigation into Microsoft Corp.'s acquisition of Activision Blizzard Inc. to determine whether it creates a relevant merger situation.

The Competition and Markets Authority said it will determine whether the takeover of the videogame company by software giant Microsoft could result in the substantial lessening of competition within the U.K.

The CMA has a deadline of Sept. 1 for its phase 1 decision.

To assist it with the assessment, the CMA has invited comments from any interested party by July 20.

 

Write to Joe Hoppe at joseph.hoppe@wsj.com

 

(END) Dow Jones Newswires

July 06, 2022 07:27 ET (11:27 GMT)

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