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Uk Competition And Markets Authority

All articles tagged with #uk competition and markets authority

business2 years ago•3 min saved

"Microsoft's Revised Activision Deal Clears Path for UK Approval, Ubisoft to Acquire Cloud Gaming Rights"

Microsoft is restructuring its proposed Activision Blizzard deal to transfer cloud gaming rights for current and new Activision Blizzard games to Ubisoft in order to address concerns raised by the UK Competition and Markets Authority (CMA) about the impact on cloud gaming competition. The restructured deal triggers a new regulatory investigation in the UK, which could delay the deal's closing until early October. Ubisoft will compensate Microsoft for the cloud streaming rights and will have the opportunity to offer Activision Blizzard games on non-Windows operating systems. The CMA will assess the reworked deal and deliver a decision by October 18th.

via The Verge|

#activision-blizzard #business #cloud-gaming

business2 years ago•2 min saved

"Activision Blizzard Enlists Queen's Lawyer to Fight UK Block of Microsoft Merger"

Activision Blizzard and Microsoft have hired high-profile lawyers to lead their appeals against the UK's Competition & Markets Authority's decision to block their $68.7 billion merger. Activision Blizzard has hired Lord David Pannick KC, who previously represented Queen Elizabeth II, Boris Johnson, and Princess Diana, while Microsoft has retained the legal services of Daniel Beard KC of Monckton Chambers. The companies will file appeals independently with the UK's Competition Appeal Tribunal. The CMA blocked the merger over concerns about the cloud gaming market.

via GameSpot|

#activision-blizzard #business #daniel-beard

business2 years ago•1 min saved

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.

via City A.M.|

#activision-blizzard #business #competition-and-consumer-bill

gaming2 years ago•1 min saved

The UK's Block of Microsoft's Activision Merger Raises Questions.

Nvidia has expressed support for Microsoft's acquisition of Activision Blizzard, saying cloud gaming providers would benefit from an even deeper catalog of games. The UK's Competition & Markets Authority is blocking the sale primarily over concerns about the cloud gaming market. Microsoft and Activision Blizzard are preparing an appeal, while the EU is set to hand down a decision by May 22 and the FTC's first evidentiary hearing is set for August 2023 in the US.

via GameSpot|

#activision-blizzard #cloud-gaming #gaming