BlockedPhase 2
The United Kingdom Competition and Markets Authority blocked Microsoft's acquisition of Activision Blizzard on 26 April 2023 (case Microsoft / Activision Blizzard merger inquiry).[1]
The Competition and Markets Authority blocked Microsoft's acquisition of Activision Blizzard in April 2023, finding it would harm competition in cloud gaming. It was the only major regulator to prohibit the deal outright, and the decision was widely reported as putting the transaction in doubt worldwide. The case was closed in August 2023 once the parties restructured.
Microsoft acquired Activision Blizzard for $95 per share in cash, about $68.7 billion, the largest acquisition ever made in the video games industry. It closed twenty-one months after announcement following contested reviews in the United States, the United Kingdom and the European Union.
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