University of Michigan law professor Daniel Crane said the U.K. Competition and Markets Authority "has emerged as a sophisticated and aggressive competition authority on tech issues in particular, and its increasing assertiveness will certainly give M&A lawyers some second thoughts."
April 26, 2023 at 03:30 PM
6 minute read
The U.K. Competition and Markets Authority’s decision to block Microsoft’s $69 billion acquisition of video-game maker Activision on Tuesday could have a chilling effect on other tech industry mergers.
“I think that the [Department of Justice] and [Federal Trade Commission]‘s new attitude toward tech, antitrust and mergers already had a chilling effect to some extent,” said Daniel Crane, a professor at the University of Michigan School of Law.
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Activision promoted its “Call of Duty” franchise in 2015 at a Los Angeles trade show. Credit: Lauren Elisabeth/Shutterstock.com
