ADVERTISEMENT
NewsMadura
  • Latest Stories
  • Business
  • World
  • Politics
  • Science & Space
  • Entertainment
  • Technology
  • Health
  • Sports
  • Auto
  • Travel
  • Lifestyle
No Result
View All Result
  • Latest Stories
  • Business
  • World
  • Politics
  • Science & Space
  • Entertainment
  • Technology
  • Health
  • Sports
  • Auto
  • Travel
  • Lifestyle
No Result
View All Result
NewsMadura
No Result
View All Result
Home News Latest Stories

UK blocks Microsoft-Activision Gaming deal over cloud gaming concerns

Jatin Batra by Jatin Batra
April 26, 2023
in Latest Stories
0
US Files Antitrust Case Against Call of Duty Maker Activision Blizzard
0
SHARES
6
VIEWS
Share on FacebookShare on Twitter


Last updated: April 26, 2023, 6:49 PM IST

Microsoft’s worst fears have come true

UK regulators on Wednesday blocked Microsoft’s $69 billion purchase of video game maker Activision Blizzard, thwarting the largest technology deal in history amid concerns it would stifle competition in the burgeoning cloud gaming market.

LONDON: UK regulators on Wednesday blocked Microsoft’s $69 billion purchase of video game maker Activision Blizzard, thwarting the largest technology deal in history amid concerns it would stifle competition in the burgeoning cloud gaming market.

The Competition and Markets Authority said in its final report that “the only effective remedy” against the substantial loss of competition “is to prohibit the Merger”. The companies have promised to appeal.

The all-cash deal has met stiff opposition from rival Sony and has also come under scrutiny from regulators in the US and Europe over fears it would give Microsoft control of popular game franchises such as Call of Duty, World of Warcraft and Candy Crush.

The UK watchdog was concerned about the deal’s impact on competition in cloud gaming, where games are streamed to tablets, phones and other devices. That frees players from the need to buy expensive consoles and gaming computers.

Cloud gaming has the potential to change the industry by giving people more choice about how and where they play, said Martin Colman, chair of the Competition and Markets Authority’s independent expert panel examining the deal.

“This means it is vital that we protect competition in this emerging and exciting market,” he said.

Microsoft said it was disappointed and indicated it was not ready to give up.

“We remain fully committed to this acquisition and will appeal,” President Brad Smith said in a statement. He said the watchdog’s decision “rejects a pragmatic path to tackling competition concerns” and discourages technology innovation and investment in the UK.

“We are particularly disappointed that, after much deliberation, this decision appears to reflect a lack of understanding of this market and how the relevant cloud technology works,” said Smith.

Action also responded, saying it would “aggressively work with Microsoft to overturn this on appeal.”

Regulators had last month dropped concerns that the deal would hurt console gaming, saying it wouldn’t benefit Microsoft to make Call of Duty exclusive to its Xbox console.

The watchdog said Wednesday it has reviewed Microsoft’s proposals to “significantly” eliminate the competition concerns, but felt those solutions would require its oversight, while preventing the merger would allow cloud gaming to continue uninterrupted. can develop.

Microsoft already has a strong foothold in the cloud computing market, and regulators concluded that if the deal goes through, it would bolster the company’s advantage by giving it control of key gaming titles.

Read all the latest technical news here

(This story has not been edited by News18 staff and was published from a syndicated news agency feed)

Tags: blockscloudconcernsdealgamingMicrosoftActivisionNewsMadura
Previous Post

Chief Justice refuses to testify before Congress over ethical issues

Next Post

Why do monkeys like to spin? Perhaps for the same reasons as humans.

Jatin Batra

Jatin Batra

Editor

Next Post
Why do monkeys like to spin? Perhaps for the same reasons as humans.

Why do monkeys like to spin? Perhaps for the same reasons as humans.

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Stay Connected

    • Trending
    • Comments
    • Latest
    How Fermented Foods Can Change Your Microbiome and Improve Your Health

    How Fermented Foods Can Change Your Microbiome and Improve Your Health

    August 13, 2021
    Buy tool boxes

    Buy tool boxes

    August 23, 2021
    There are no flights departing or landing at Kabul airport, the Pentagon says.

    There are no flights departing or landing at Kabul airport, the Pentagon says.

    August 16, 2021
    NDTV News

    Photos: Taliban’s Kabul Takeover Caps Afghanistan Blitz

    August 16, 2021
    DeSantis is cutting campaign staff by more than a third, aiming to keep costs in check

    DeSantis is cutting campaign staff by more than a third, aiming to keep costs in check

    0
    NDTV News

    Krsnaa Diagnostics IPO: Here’s How To Check Assignment Status

    0
    NDTV News

    Syrian President Bashar al-Assad issues decree to form new government: Twitter presidency

    0
    Asus ROG Phone 5s Specifications Tipped; May Come With Snapdragon 888 Plus SoC, Up to 18GB RAM

    Asus ROG Phone 5s Specifications tipped; May come with Snapdragon 888 Plus

    0
    DeSantis is cutting campaign staff by more than a third, aiming to keep costs in check

    DeSantis is cutting campaign staff by more than a third, aiming to keep costs in check

    July 25, 2023
    NDTV News

    Ensure violence ends in Manipur: Human rights panel tells state government

    July 25, 2023
    'Operation Cookie Monster': The Dutch arrest their most wanted suspect in cyber case - News18

    ‘Operation Cookie Monster’: The Dutch arrest their most wanted suspect in cyber case – News18

    July 25, 2023
    NDTV News

    SpiceJet plane catches fire at Delhi airport during maintenance

    July 25, 2023

    Recent News

    DeSantis is cutting campaign staff by more than a third, aiming to keep costs in check

    DeSantis is cutting campaign staff by more than a third, aiming to keep costs in check

    July 25, 2023
    NDTV News

    Ensure violence ends in Manipur: Human rights panel tells state government

    July 25, 2023
    'Operation Cookie Monster': The Dutch arrest their most wanted suspect in cyber case - News18

    ‘Operation Cookie Monster’: The Dutch arrest their most wanted suspect in cyber case – News18

    July 25, 2023
    NDTV News

    SpiceJet plane catches fire at Delhi airport during maintenance

    July 25, 2023

    International News,Latest Stories,Breaking News-NewsMadura

    Follow Us

    Browse by Category

    • Africa
    • Americas
    • Asia
    • Auto
    • Baseball
    • Basketball
    • Business
    • Cricket
    • Entertainment
    • Europe
    • Gadget
    • Health
    • India
    • Latest Stories
    • Lifestyle
    • Middle East
    • Politics
    • Science & Space
    • Soccer
    • Sports
    • Technology
    • Tennis
    • Travel
    • U.S.
    • US Politics
    • World

    Recent News

    DeSantis is cutting campaign staff by more than a third, aiming to keep costs in check

    DeSantis is cutting campaign staff by more than a third, aiming to keep costs in check

    July 25, 2023
    NDTV News

    Ensure violence ends in Manipur: Human rights panel tells state government

    July 25, 2023
    • About
    • Advertise
    • Privacy & Policy
    • Contact

    ©Copyright 2021 NewsMadura - Stay ahead with NewsMadura

    No Result
    View All Result
    • Latest Stories
    • Business
    • World
    • Politics
    • Science & Space
    • Entertainment
    • Technology
    • Health
    • Sports
    • Auto
    • Travel
    • Lifestyle

    ©Copyright 2021 NewsMadura - Stay ahead with NewsMadura