Activision CEO reveals that Microsoft's acquisition is "far from the final word"

sportskeeda.com:

In a recent turn of events, the UK's CMA (Competition and Markets Authority) has blocked the $69 billion Microsoft-Activision acquisition deal citing concerns about cloud gaming. Soon after the news, Activision Blizzard's CEO Bobby Kotick shared a few words with his team, stating that the news wasn't what the company wanted to hear and that it was "far from the final word" as he and Microsoft continue to contest this decision.

Activision Blizzard's acquisition by Microsoft has garnered a lot of controversy. The fact that this deal would lead to popular video game franchises, such as Call of Duty, going to Microsoft, has Sony worried since the two tech giants compete in the console gaming market. Previously, Sony has cited several reasons as to why the deal is anti-competitive and is against the interests of consumers.

Activision Blizzard's CEO Bobby Kotick recently shared an update on the CMA's disapproval of their merger with Microsoft. In the update, Kotick seemed determined to contest this decision from the UK's regulatory board. The CMA blocked this merger due to the future potential rise of Cloud gaming.

The board believes that Cloud gaming would be the next big thing in the gaming industry, and with this deal in place, Microsoft might reign supreme and establish its monopoly. Hence, they blocked the deal as it was anti-competitive in nature.

However, both tech giants are on the same page against this decision. Kotick had to say the following on this issue:

He further added,

Kotick made numerous arguments in the update, claiming that this merger would be in no manner anti-competitive and would, in fact, result in more competition, job creation, and facilitate investment. He added that he will be doing everything in his