UK competition watchdog says Microsoft’s Activision merger ‘could harm’ gamers
The UK's competition authority has found that Microsoft's proposed $69 billion acquisition of Activision Blizzard could result in a"substantial lessening of competition in gaming consoles" and"could harm UK gamers." In a, the Competition Markets Authority said that Activision may need to be split up into separate businesses for the merger to proceed.
The government said it conducted a wide-ranging probe over the last five months to determine the deal's potential impact. Noting that Microsoft already accounts for 60-70 percent of global cloud gaming services, it said that buying Activision would"reinforce this strong position" and substantially reduce Microsoft's competition in cloud gaming.
The CMA said that the deal may work if Activision Blizzard divested parts of its business. Namely, it could split out either the Activision and/or Blizzard segments, or the business that operates its biggest franchise, Call of Duty . The idea, it said, would be to leave assets"capable of competing effectively under separate ownership" with the new business.You can disable notifications at any time in your settings menu.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
Activision Blizzard Sees Record Net Bookings As Costs Weigh Down Balance SheetThe video game company agreed to pay the SEC $35 million and also saw expenses related to the winding down of a partnership in China.
Baca lebih lajut »
'Call of Duty' steers Activision sales in tough quarter for game makersVideogame publisher Activision Blizzard beat Wall Street estimates for fourth-quarter adjusted sales on Monday, thanks to the success of the latest game in its 'Call of Duty' franchise.
Baca lebih lajut »
Activision CEO on Microsoft's $68.7 billion deal: Regulators don’t have experienceActivision Blizzard CEO Bobby Kotick talked about Microsoft’s proposed acquisition of the video game company and also addressed regulatory scrutiny of the proposed deal.
Baca lebih lajut »
U.K. regulator says provisional finding is that Microsoft’s Activision deal could stifle competitionThe U.K. Competition and Markets Authority said an in-depth independent investigation on Microsoft’s proposed acquisition of Activision Blizzard...
Baca lebih lajut »
Activision Blizzard CEO Bobby Kotick reacts to Warren Buffett's stake: 'Nothing more flattering'Activision Blizzard CEO Bobby joins 'The Claman Countdown' to break down the company's 'record fourth quarter' and shares how 'flattering' it is to know Warren Buffett and Charlie Munger own equity in the company.
Baca lebih lajut »
Microsoft Acquisition of Activision Blizzard “Could Harm U.K. Gamers,” “Substantially Reduce” Competition, British Regulator FindsThe mega-deal 'raises concerns about cloud and console gaming' and 'could result in higher prices, fewer choices or less innovation,' the Competition and Markets Authority says in its provisional conclusions, highlighting the possible impact on Sony's PlayStation.
Baca lebih lajut »