The Competition and Markets Authority is gumming up a megadeal, another sign of its concern that the software industry has too much power in too few hands.
February 08, 2023 at 05:28 PM
4 minute read
The U.K.’s Competition and Markets Authority on Wednesday said Microsoft’s proposed $69 billion acquisition of Activision Blizzard could drive up prices, reduce choice and lessen innovation in the video game market.
But the broader significance of the announcement, following five months of investigation, might be the CMA’s growing scrutiny of Big Tech deals and its ability to derail them.
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An Activision Blizzard booth at a video-gaming convention. Credit: Lauren Elisabeth/Shutterstock.com
