UK watchdog defends Microsoft block in face of onslaught from companies

UK Regulator Blocks Microsoft’s Acquisition of Activision Blizzard

It’s official – the Competition and Markets Authority (CMA) has blocked Microsoft’s acquisition of Activision Blizzard. The decision was made to protect competition in the nascent cloud gaming market, according to the CMA. Microsoft’s president, Brad Smith, has criticized the decision, saying it sends the wrong message to the global tech industry and has shaken confidence in the UK tech industry. However, CMA Chief Executive Sarah Cardell defended the decision, saying the regulator’s role is to ensure a competitive environment for businesses to grow and thrive in the UK.

What Does This Mean for the UK Tech Industry?

Microsoft’s Brad Smith has warned that the decision could damage the UK’s reputation as an attractive place to start a business. He believes that the European Union is now a more attractive option for entrepreneurs. However, the CMA has acted independently and is accountable for its decision. The British government cannot override the block if it thinks it is damaging to the country.

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