The U.K.’s competition watchdog said the deal could hinder competition in the emerging cloud gaming sector.
Topline
Britain’s antitrust watchdog on Wednesday said it will block Microsoft’s $69 billion takeover of gaming heavyweight Activision Blizzard over concerns the deal will stifle competition in the budding cloud gaming sector, dealing a potentially lethal blow for one of the biggest tech deals in decades and a major setback for the software giant as it struggles to convince other regulators to back the deal.Key Facts
Britain’s Competition and Markets Authority said Microsoft had failed to allay concerns that its acquisition of one of the most popular video game developers in the world—known for franchises including Call of Duty, Overwatch and World of Warcraft— would stifle competition in the growing cloud gaming market.
