British regulators stopped a $69 billion deal between Microsoft and Activision on Wednesday, saying the acquisition would stifle cloud gaming competition.
will appeal the decision, despite facing opposition to the all-cash deal from contemporaries like Sony and regulators in the U.S. and Europe concerned the consolidation would give Microsoft control of popular game franchises like Call of Duty, World of Warcraft and Candy Crush.Microsoft President Brad Smith said in a tweet Wednesday that the company remains fully committed to the acquisition and would appeal the decision.
"The CMA's decision rejects a pragmatic path to address competition concerns and discourages technology innovation and investment in the United Kingdom," he continued. "We have already signed contracts with Activision Blizzard’s popular games available on 150 million more devices." Cloud gaming enables the streaming of games to tablets, phones and other devices, freeing gamers from buying expensive consoles and gaming computers.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
U.K. Watchdog Blocks Microsoft’s $69B Activision MegadealBritain’s antitrust watchdog has blocked Microsoft’s $69 billion Activision takeover, upending the biggest ever deal in the gaming industry.
Leer más »
UK To Block Microsoft's Activision Blizzard AcquisitionMicrosoft runs into its first major block against the ActivisionBlizzard merger as the UK's CMA will be blocked by week's end. Activision BlizzardEntertainment
Leer más »
Microsoft preparing to close Activision deal despite FTC suit: sourcesMicrosoft is making plans to complete its $69 billion acquisition of Activision Blizzard — despite the Federal Trade Commission’s December move to block the deal over antitrust concerns, The …
Leer más »
Microsoft’s $75 Billion Deal for Activision Blizzard Rejected by U.K.Breaking: The U.K.'s antitrust watchdog rejected Microsoft's $75 billion deal to buy Activision Blizzard, raising a high hurdle in the company's bid for global approval
Leer más »
Microsoft’s Activision Blizzard acquisition blocked by UK regulatorsMicrosoft says it will appeal the decision
Leer más »
Britain blocks Microsoft's $69 billion acquisition of Activision BlizzardBritain's top competition regulator on Wednesday moved to block Microsoft's acquisition of video game publisher Activision Blizzard.
Leer más »