The UK’s Competition and Markets Authority has launched an investigation into Microsoft’s planned acquisition of Activision Blizzard, citing a need to probe the deal and see if it will have a harmful impact on consumers and competitors.
“We’ll consider if gamers could end up paying higher prices, with less choice or lower quality,” the watchdog organization said in a statement. The CMA’s deadline for its investigation and if it’ll recommend further action is September 1, but the organization did add that it’s looking for feedback from relevant third parties until July 20.
— Competition & Markets Authority (@CMAgovUK) July 6, 2022
The acquisition of Activision Blizzard–which is valued at almost $69 billion–is the largest in the gaming industry to date and is under scrutiny by other similar organizations around the world. In the US, the Federal Trade Commission began investigating the proposed deal. Recently, the FTC stated that it planned to more aggressively police similar deals, especially when the biggest technology companies in the US are involved.