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The Competition and Markets Authority are on the case
The UK government’s competition regulator is to investigate Microsoft’s $68.7 billion (£57 billion) buyout of Activision Blizzard, the Competition and Markets Authority (CMA) announced yesterday. A provisional deadline to decide whether the merger will be referred for a more in-depth investigation has been set for September 1st, and the CMA has invited “any interested party” to comment on the merger up until July 20th.
On their decision to investigate, the CMA said they’ll be looking at whether the deal may harm competition under the UK’s Enterprise Act 2002, and whether the merger “may be expected to result in a substantial lessening of competition within any market or markets in the United Kingdom for goods or services.” You can read the inquiry schedulehere.
Microsoft’s corporate vice president and general counsel Lisa Tanzi toldCNBC: “We’re committed to answering questions from regulators and ultimately believe a thorough review will help the deal close with broad confidence, and that it will be positive for competition.”
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Xbox & Bethesda 2022 Games Showcase - The 10 Biggest Announcements
