New report from MLex:
- Microsoft remains "fully committed to this acquisition and will appeal."
- MS says that: The CMA's decision rejects a pragmatic path to address competition concerns and discourages technology innovation and investment in the United Kingdom“. "We have already signed contracts to make Activision Blizzard's popular games available on 150 million more devices, and we remain committed to reinforcing these agreements through regulatory remedies." "We're especially disappointed that after lengthy deliberations, this decision appears to reflect a flawed understanding of this market and the way the relevant cloud technology actually works."
- ABK said the CMA decision "contradicts the ambitions of the UK to become an attractive country to build technology businesses." "We will work aggressively with Microsoft to reverse this on appeal," it said, calling the regulator's conclusions "a disservice to UK citizens, who face increasingly dire economic prospects."
- Activision also said it would "reassess our growth plans for the UK," and the UK was "clearly closed for business."
To the CAT we go!
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