The CMA has determined that “the transaction will not result in a substantial lessening of competition in relation to console gaming in the UK,” it announced this morning. Today, the regulator disclosed that it has accepted some of the company’s arguments. Microsoft pushed back against the CMA’s reasoning in a response published earlier this month. In its provisional findings, the CMA stated that the company may have an incentive to stop making Activision Blizzard content available on rival platforms. Those games are available on the technology giant’s Xbox console and Xbox Cloud Gaming service, as well as competing platforms. CMA officials determined that the deal could substantially lower competition in the video game console and cloud gaming markets.Īcquiring Activision Blizzard would buy Microsoft several of the world’s most popular video games. This past February, the regulator released the provisional findings of its probe. The CMA opened an antitrust investigation into the deal last July to understand its market implications. Activision Blizzard generated sales of $2.33 billion last quarter, up from $2.16 billion a year earlier. If approved, the deal would establish the technology giant as the world’s third largest video game developer by revenue. Microsoft announced its plans to acquire Activision Blizzard early last year. The Competition and Markets Authority, or CMA, disclosed the development today. The U.K.’s antitrust regulator will narrow the focus of its probe into Microsoft Corp.’s plan to buy Activision Blizzard Inc.
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