Microsoft-Activision Blizzard £55bn merger approved by EU - despite UK rejection

  • 📰 SkyNews
  • ⏱ Reading Time:
  • 19 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 67%

Technology Technology Headlines News

Technology Technology Latest News,Technology Technology Headlines

The European Commission said it accepted commitments made by the technology giant that it would not decrease competition in cloud gaming, where it already accounts for around 70% of the market.

In response, Activision Blizzard CEO Bobby Kotick, said:"The EC conducted an extremely thorough, deliberate process to gain a comprehensive understanding of gaming.

Sarah Cardell, chief executive of the UK Competition and Markets Authority, said:"The UK, US and European competition authorities are unanimous that this merger would harm competition in cloud gaming. The CMA concluded that cloud gaming needs to continue as a free, competitive market to drive innovation and choice in this rapidly evolving sector.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 35. in TECHNOLOGY

Technology Technology Latest News, Technology Technology Headlines