Britain blocks Microsoft’s $69 billion acquisition of Activision Blizzard
The largest acquisition ever in the gaming industry a complete failure?![]()
Britain’s top competition regulator on Wednesday moved to block $Microsoft (MSFT.US)$ ’s acquisition of video game publisher $Activision Blizzard (ATVI.US)$ .
The measure marks a major blow for the U.S. tech giant, as it seeks to convince authorities that the deal will benefit competition. Microsoft said it plans to appeal the decision.
Microsoft still needs to convince other regulators not to block the deal. The EU continues to probe the merger to assess whether it hurts competition, while the U.S. Federal Trade Commission has sued to block the deal on antitrust grounds.
Here follows a list of the major deals on the watchdog’s plate.
Broadcom, VMware
$Broadcom (AVGO.US)$ ’s $61 billion deal to takeover cloud-computing company $Vmware (VMW.US)$ is arguably the most important deal currently under investigation as regulators worldwide grapple with its impact on cloud computing hardware. The UK put it in an in-depth review last month after the firm did not offer any suggestions to allay the CMA’s concerns.
Viasat, Inmarsat
California-based $Viasat (VSAT.US)$ ’s $4 Billion plan to takeover London-based Inmarsat Group Holdings to create the world’s biggest geostationary satellite company was provisionally cleared in the UK, following US approval, but it will give its final decision The CMA will come to a final decision by May 25.
California-based $Viasat (VSAT.US)$ ’s $4 Billion plan to takeover London-based Inmarsat Group Holdings to create the world’s biggest geostationary satellite company was provisionally cleared in the UK, following US approval, but it will give its final decision The CMA will come to a final decision by May 25.
Amazon, iRobot
$Amazon (AMZN.US)$ ’s $1.7 billion deal to buy robot vacuum firm $iRobot (IRBT.US)$ is one of the latest deals to face scrutiny from the CMA. It said last week it had launched a merger probe into whether the deal could cause a substantial lessening of competition in the UK. A decision on whether it will go to an in-depth probe won’t come until June. It’s the latest in a list of investigations the e-commerce giant is facing in the UK, with its marketplace and cloud services businesses currently being looked at.
$Amazon (AMZN.US)$ ’s $1.7 billion deal to buy robot vacuum firm $iRobot (IRBT.US)$ is one of the latest deals to face scrutiny from the CMA. It said last week it had launched a merger probe into whether the deal could cause a substantial lessening of competition in the UK. A decision on whether it will go to an in-depth probe won’t come until June. It’s the latest in a list of investigations the e-commerce giant is facing in the UK, with its marketplace and cloud services businesses currently being looked at.
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