The CMA has blocked Microsoft’s attempted £55b acquisition of video game company Activision Blizzard ( ‘cloud gaming’). The CMA grounds: it would allow microsoft to exclusively bring games and stifle emerging competition. But microsoft stated that it would keep Activision content available to other providers, and assurance that fully satisfied EU and Chinese regulators. But CMA says that microsoft would take a lead in a uk market that , by 2026, will be worth £11b.
The UK wants to be like silicon valley but the CMA could be impeding it with this decision to block. The CMA is to protect UK interests but this decision could cause harm to the UK in the long run.
Recently, the CMA also forced META to sell Griphy at a huge loss.
The FTC (Federal trade commission) also blocked the acquisition of Activision, and the case is now in court. While the regulators from the rest of the world have approved the acquisition.