Microsoft's attempted acquisition of Activision Blizzard has been prevented by a UK government agency.
Earlier today on April 26, the UK's Competition and Markets Authority announced that it had prevented Microsoft from purchasing Activision Blizzard. You can see the full announcement just below, in which the government agency reasons that the deal would potentially damage competition in the gaming market.
We’ve prevented @Microsoft from purchasing @Activision over concerns the deal would damage competition in the #CloudGaming market, leading to less innovation and choice for UK #gamers. ☁️https://t.co/SdXt1rYAkZ pic.twitter.com/prWcDI7EvtApril 26, 2023
Not only that, but there's also concerns that the deal would damage competition in the cloud gaming market specially. This would ultimately lead to less "innovation and choice" for UK gamers, the CMA writes above, leading to them preventing the acquisition from going ahead.
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