The competition regulator in Britain has issued an interim order that prevents Microsoft and Activision from acquiring any stake in each other without its approval. This decision was made after the regulator blocked their $69 billion merger a few weeks ago.
The order applies to the businesses as well as their subsidiaries. It comes two weeks after the regulator blocked Microsoft’s $68.7bn (£54.8bn) deal to buy Activision Blizzard.
Related: Sony Calls UK’s Reversed Stance On Microsoft Activision Deal ‘Surprising & Irrational’
Microsoft’s proposed acquisition would have included popular titles like Call of Duty, Overwatch, and World of Warcraft.
The regulator expressed concerns about the potential impact of the deal on innovation and choice within the cloud gaming industry.
Microsoft and Activision expressed disagreement with the decision and stated their intention to appeal. An official from Activision commented that the ruling indicated a lack of openness for business in the UK.
Featured News
FTC Urged to Enforce Rarely Used Antitrust Law Against Retail Giants
Mar 28, 2024 by
CPI
UK’s Fingleton Bolsters Team with New Additions
Mar 28, 2024 by
CPI
Britain’s Competition Regulator Clears Aviva’s Acquisition of AIG Life UK
Mar 28, 2024 by
CPI
White House Implements New AI Safeguards to Protect Rights and Safety
Mar 28, 2024 by
CPI
Denver Court Sets August Date for Kroger-Albertsons Merger Showdown
Mar 28, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Real Estate & Antitrust
Mar 27, 2024 by
CPI
Systematic National Evidence of Steering by Real Estate Agents
Mar 27, 2024 by
CPI
Compliance Now! Actionable Antitrust Advice for the Residential Real Estate Industry
Mar 27, 2024 by
CPI
Real Estate Commissions: Some Insights from the Economics of Multi-Sided Platforms
Mar 27, 2024 by
CPI
New Ideas for Promoting Real Estate Brokerage Price Competition
Mar 27, 2024 by
CPI