UK Blocks Microsoft-Activision Gaming Deal, Biggest in Tech

The UK government has blocked Microsoft's proposed $68.7 billion acquisition of Activision Blizzard, the biggest deal in the tech industry. The decision was made by the Competition and Markets Authority (CMA), which said that the deal would have a negative impact on competition in the gaming industry.

The CMA said that the deal would give Microsoft too much control over the gaming industry, as it would own some of the biggest gaming franchises in the world, including Call of Duty, World of Warcraft, and Candy Crush. The CMA also said that the deal would reduce competition in the gaming industry, as Microsoft would be able to use its dominant position to raise prices and limit innovation.

Microsoft had argued that the deal would benefit gamers, as it would allow the company to invest more in gaming and create better games. However, the CMA said that there was no evidence to support this claim, and that the deal would actually harm gamers by reducing competition and limiting innovation.

The decision to block the deal is a blow to Microsoft, which had hoped to use the acquisition to strengthen its position in the gaming industry. However, the company said that it respected the decision of the CMA and would not appeal the ruling.

The gaming industry is one of the fastest-growing industries in the world, and the UK is home to some of the biggest gaming companies in the world, including Rockstar Games, which created the Grand Theft Auto franchise. The decision to block the Microsoft-Activision deal is likely to have a significant impact on the gaming industry in the UK and around the world.

https://www.lifetechnology.com/blogs/life-technology-technology-news/uk-blocks-microsoft-activision-gaming-deal-biggest-in-tech

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