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UK’s Competition and Markets Authority Changes Preliminary Findings on Microsoft – Activision Blizzard Deal

CMA said in announcement that it has narrowed its concerns, will make a final ruling Wednesday

James FudgebyJames Fudge
April 24, 2023
in Legal, Money
Reading Time: 2 mins read

UK regulatory body the Competition and Markets Authority (CMA) announced Monday that it has narrowed its “scope of concerns” related to the proposed $69B USD Microsoft acquisition of Activision Blizzard, and that it would issue a final decision on Wednesday.

The CMA said in its announcement that new evidence and consultation with interested parties has caused the government agency to change its determination, noting that it is no longer concerned about the acquisition and has adjusted its preliminary findings accordingly:

“The CMA has received a significant amount of new evidence in response to its original provisional findings. Having considered this new evidence carefully, together with the wide range of information gathered before those provisional findings were issued, the CMA inquiry group has updated its provisional findings and reached the provisional conclusion that, overall, the transaction will not result in a substantial lessening of competition in relation to console gaming in the UK.”

Martin Coleman, chair of the independent panel of experts conducting the Microsoft – Activision Blizzard review, added:

“Having considered the additional evidence provided, we have now provisionally concluded that the merger will not result in a substantial lessening of competition in console gaming services because the cost to Microsoft of withholding Call of Duty from PlayStation would outweigh any gains from taking such action.”

The CMA also said that it will make a final ruling on Wednesday. It is likely that the deal will be approved.

With the CMA review netting a positive result, Microsoft just needs to deal with the European Union’s European Commission and the U.S. agency the Federal Trade Commission to approve the deal. It is unclear where either of those agencies will land on opposing or approving the deal as of this writing.

In March, Japan was the latest country to approve the merger, joining Saudi Arabia, Brazil,  Serbia, and Chile.

Tags: AcquisitionsActivision BlizzardCall of DutyCMACompetition and Markets AuthorityMergersMicrosoftMicrosoft-Activision-MergerOverwatchOverwatch 2UK
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James Fudge

James Fudge

With a career spanning over two decades in the esports and gaming journalism landscape, James Fudge stands as a seasoned veteran and a pivotal figure in the evolution of esports media. His journey began in 1997 at Game-Wire / Avault, where he curated gaming and community news, laying the groundwork for his expertise in the field. In his more recent roles, James cemented his status as an authority in the esports business sphere as Senior Editor Esports at Sports Business Journal and The Esports Observer between 2018 and 2021.

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