Microsoft reveals CMA appeal grounds and says UK regulator ‘overestimates the role of cloud streaming’

videogameschronicle.com:

A summary has been published which explains the terms of Microsoft‘s appeal against the UK competition regulator, and its decision to block its proposed acquisition of Activision Blizzard.In April, the Competition and Market Authority (CMA) said it was preventing the $69 billion deal due to concerns about its impact on the nascent cloud gaming market.Microsoft officially lodged its appeal against the decision earlier this week.Now a ‘Summary of Application’ document, which has been posted on the Competition Appeal Tribunals website, summarises the five grounds under which Microsoft believes the CMA’s decision should be challenged.Notice: To display this embed please allow the use of Functional Cookies in Cookie Preferences.The grounds claim that, according to Microsoft:In a statement, Microsoft’s corporate vice president and deputy general counsel Rima Alaily said: “The CMA’s decision is flawed for multiple reasons, including its overestimation of the role of cloud streaming in the gaming market and our position in it, as well as its unwillingness to consider solutions that received overwhelming industry and public support.“We are confident in the strength of our appeal and the binding commitments we have made to increase competition and choice for players today and in the future.”Last week, the European Commission and China’s competition regulator cleared the deal, which would see Microsoft gain ownership of popular gaming franchises including Call of Duty and World of Warcraft.“China’s unconditional clearance of our acquisition of Activision Blizzard follows clearance decisions from jurisdictions such as the European Union and Japan, bringing the total to 37 countries representing more than two billion people,”