Home English News UK watchdog probes Microsoft’s $68.7 billion Activision buyout deal

UK watchdog probes Microsoft’s $68.7 billion Activision buyout deal

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UK watchdog probes Microsoft’s $68.7 billion Activision buyout deal

(Reuters) -Britain’s antitrust watchdog stated on Wednesday it had began an investigation into Microsoft Corp’s $68.7 billion deal to purchase “Call of Duty” maker Activision Blizzard Inc.

The Competition and Markets Authority (CMA) stated it had till Sept. 1 to make its part 1 choice on whether or not the deal between the U.S. know-how firm and video-game maker Activision would cut back competitors within the UK.

The part 1 investigation by the CMA will both result in the deal being cleared or will transfer to a extra in-depth part 2 probe.

Both Microsoft and Activision didn’t instantly reply to Reuters’ requests for feedback.

In the most important gaming trade deal in historical past, Microsoft in January stated it was shopping for Activision Blizzard. According to Refinitiv information, the Microsoft-Activision deal could be the most important all-cash acquisition on report.

(Reporting by Sinchita Mitra in Bengaluru;Editing by Vinay Dwivedi)



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