Microsoft Appeals UK's Ruling to Block $75 Billion Deal for Activision Blizzard
By Sarah Needleman
Microsoft filed an appeal Wednesday against the U.K.'s decision
to block its $75 billion deal for Activision Blizzard, a spokesman
for the software company told the Wall Street Journal.
Microsoft had pledged to fight the Competition and Markets
Authority's ruling after it was issued last month. The CMA said in
its decision that the deal would alter the fast-growing
cloud-gaming market and lead to less innovation and choice for U.K.
Microsoft has said the deal won't hurt competition and that it's
committed to licensing Activision's games, including ones from its
popular Call of Duty franchise, to rivals.
Antitrust lawyers say appeals can move relatively quickly in the
U.K., but the threshold for overturning a CMA ruling is high.
While regulators in Europe, China and other markets have
approved the deal, it is in peril because of the U.K. It would be
difficult for a combined Microsoft-Activision to operate completely
outside that market because the videogame industry is complex and
global. The U.K. is the six largest market by country for videogame
software sales, according to industry tracker Newzoo.
Write to Sarah Needleman at firstname.lastname@example.org
(END) Dow Jones Newswires
May 24, 2023 14:56 ET (18:56 GMT)
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