icrosoft’s 68.7 billion greenback (£55 billion) takeover of gaming agency Activision Blizzard has been blocked by the UK competitors watchdog.
The Competitors and Markets Authority (CMA) stated it has prevented the mammoth deal over considerations within the cloud gaming sector.
Xbox proprietor Microsoft struck a deal to purchase the maker of Sweet Crush and Name Of Obligation in January 2022.
Martin Coleman, chair of the unbiased panel of specialists conducting the CMA investigation, stated: “Microsoft already enjoys a robust place and head begin over different rivals in cloud gaming and this deal would strengthen that benefit, giving it the flexibility to undermine new and modern rivals.
“Microsoft engaged constructively with us to attempt to tackle these points and we’re grateful for that, however their proposals weren’t efficient to treatment our considerations and would have changed competitors with ineffective regulation in a brand new and dynamic market.”