The U.K.'s antitrust watchdog rejected Microsoft's $75 billion deal to buy Activision Blizzard, raising a high hurdle in the company's bid for global approval
The U.K.’s antitrust watchdog rejected Microsoft Corp.’s $75 billion deal to buy game maker Activision Blizzard Inc.
, raising big questions aboutThe Competition and Markets Authority’s ruling, issued Wednesday, said Microsoft had failed to convince the agency that actions the companies had proposed since announcing the deal would sufficiently ease the regulator’s competition worries. The CMA has said the deal poses a competition threat to the U.K.’s videogame industry and has been reviewing the transaction for months.
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