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British antitrust regulators scrutinizing Microsoft’s blockbuster purchase of videogame maker Activision Blizzard on Friday dropped concerns that the deal would hurt the console gaming market, narrowing the scope of their investigation.
The Competition and Markets Authority said it no longer thinks the $69 billion deal will result in a “substantial lessening of competition” for console games in the U.K., an update to provisional findings issued last month based on new evidence.
The all-cash deal is set to be the biggest in the history of the tech industry. But it faces stiff opposition from rival Sony and is being examined by regulators in the U.
