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The UK Competition & Markets Authority (CMA) Wednesday announced the provisional findings of its investigation regarding Microsoft’s intended $68.7 billion purchase of Activision Blizzard. The sale could increase Microsoft’s market share of cloud gaming, and Microsoft products already account for an estimated 60 to 70 percent of the global cloud gaming market.
The CMA concluded that Microsoft’s acquisition of Activision Blizzard “could result in higher prices, fewer choices, or less innovation for UK gamers.” Specifically, the CMA found that Microsoft’s acquisition could suppress competition, “harm UK gamers who cannot afford expensive consoles” and weaken Microsoft’s and Sony’s rivalry. The regulator believes that this weakened rivalry could result in gamers experiencing “higher prices, reduced range, lower quality, and worse service in gaming consoles over time.”
CMA Non-Executive Director and Panel Chair Martin Coleman headed the independent panel of experts conducting the investigation. Coleman stated:
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The CMA concluded that Microsoft’s acquisition of Activision Blizzard “could result in higher prices, fewer choices, or less innovation for UK gamers.” Specifically, the CMA found that Microsoft’s acquisition could suppress competition, “harm UK gamers who cannot afford expensive consoles” and weaken Microsoft’s and Sony’s rivalry. The regulator believes that this weakened rivalry could result in gamers experiencing “higher prices, reduced range, lower quality, and worse service in gaming consoles over time.”
CMA Non-Executive Director and Panel Chair Martin Coleman headed the independent panel of experts conducting the investigation. Coleman stated:
In December 2022, the US Federal Trade Commission (FTC) filed an antitrust lawsuit against Microsoft regarding the intended acquisition.
The post UK competition regulator concerned over proposed Microsoft acquisition of Activision Blizzard appeared first on JURIST - News.
Continue reading...
Note: We don't have any responsibilities about this news. Its been posted here by Feed Reader and we had no controls and checking on it. And because News posted here will be deleted automatically after 21 days, threads are closed so that no one spend time to post and discuss here. You can always check the source and discuss in their site.