Microsoft’s $69 billion takeover of Activision Blizzard, suffered a hammer blow after Britain’s antitrust watchdog vetoed the gaming trade’s largest ever deal, saying it might hurt competitors on the cloud. From a report: The Competitors and Markets Authority stated its issues could not be solved by cures such because the sale of blockbuster title Name of Obligation or so-called behavioral cures involving guarantees to allow rivals to supply the sport on their platforms, in accordance with a press release Wednesday. Stress had been mounting on Microsoft because it lobbies at house and in Europe to persuade watchdogs to clear the deal — one of many 30 largest acquisitions of all time. Crucially, the CMA’s conclusions comes earlier than selections from the European Union and the US Federal Commerce Fee, which is awaiting a listening to in the summertime after formally suing to veto the transaction.
