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Competition And Consumer Bill

All articles tagged with #competition and consumer bill

business2 years ago

CMA's Block of Microsoft-Activision Merger Criticized by Survey and Cloud Gaming Providers

A recent poll by Censuswide found that 25% of the public disagreed with the UK Competition and Markets Authority's decision to block Microsoft's $70bn deal to acquire Activision Blizzard, while 16% agreed with the decision. The regulator blocked the move last month, citing concerns it would lessen competition in the UK cloud gaming market. Microsoft has already said it will appeal the decision, while Activision said the regulator's decision was a "disservice to UK citizens." The Digital Markets, Competition and Consumer Bill will give sweeping powers to the CMA to target big tech firms, block mergers and levy fines if they do not follow certain rules.