UK antitrust claims Microsoft-Activision deal could damage gaming industry
The UK antitrust regulator has said that Microsoft’s $68.7 billion deal to acquire Activision Blizzard could damage the gaming industry if Activision Blizzard refused to give competitors access to its popular games like ‘Call of Duty’ after the merger.
The Competition and Markets Authority (CMA) said, “We are concerned that Microsoft could use its control over popular games like 'Call of Duty' and 'World of Warcraft' post-merger to harm rivals, including recent and future rivals in multi-game subscription services and cloud gaming.”
The CMA also claimed that the deal could also harm competition in subscription services and cloud gaming. It added that the deal needed to be investigated in depth. The deal was announced in January and will require approval in the United States as well as other major jurisdictions including the European Union and China.
Microsoft President and Vice Chairman Brad Smith said, “We want people to have more access to games, not less. Sony, as the industry leader, says it is worried about 'Call of Duty', but we've said we are committed to making the same game available on the same day Xbox and PlayStation
The deal is expected to close in 2023. It is reported that Microsoft would pay a $3 billion break-fee if the deal falls through. Analysts have explained the move as unsurprising and said that the deal would not be anti-competitive if competitors were given access to Microsoft games.
INTERVIEWS
TOP VIDEOS
SECURITY
SOFTWARE
Bank of Abyssinia chooses Newgen for delivering superior Customer Experience
Newgen Software announced that Bank of Abyssinia, one of the fastest growing banks in Etho...
Quest Global together with NVIDIA to build Omniverse Digital Twin Solutions
Quest Global announced its development of new services and solutions, based on the NVIDIA...
SignDesk & Microsoft to drive the next phase of document automation
SignDesk has announced its partnership with Microsoft & G7 CR Technologies to augment...
START - UP
PERIPHERALS
INDUSTRY EVENTS
ASIRT 107th TECHDAY conducted in Mumbai
The Association of System Integrators and Retailers in Technology (ASIRT) conducted its ma...
OITF 2023 lays stress on how the Digital Workplace trends are getting redefined
Technology is an enabler. It provides the means to create and make a difference, which ult...
Hikvision showcases Problem-Solving Retail Security Solutions in National Retail Federation Show
Hikvision is excited to attend the National Retail Federation’s NRF 2023 Retail Show...
Canalys Forums 2023 coming to Bangkok, Barcelona and Palm Springs
Canalys has announced the dates and locations for its 2023 forums, with the global analyst...
E- COMMERCE
