Categories Tech News
The UK doesn’t want Microsoft’s Activision Blizzard deal, so what happens next?
May 1, 2023
Microsoft is furious. Last week, a surprise decision from the UK’s Competition and Markets Authority (CMA) left its $68.7 billion deal to acquire Activision Blizzard blocked in Britain, thanks to concerns about the future of cloud gaming.
Microsoft president Brad Smith was awake at 2AM that morning hastily writing a response from across the pond, according to Bloomberg. He spoke to the BBC a day later and called the UK regulator’s decision the “darkest day” for Microsoft in its four decades of working in Britain. He went a step further and said “the European Union is a more attractive place to start a business” than the UK, a particularly stinging statement given the political issues around Brexit.
Now, Microsoft is bruised, angry, and…