| CloudxTifa said: UK gives more "power" to the CMA The whole article : https://www.allenovery.com/en-gb/global/news-and-insights/publications/uk-revamps-competition-and-consumer-regimes |
Bipartisan bill that passed despite blocking the CMA history of blocking massive mergers like Nvidia + ARM, and smaller acquisitions like Meta absorbing Giphy, and stopping domestic disasters like ASDA merging with Sainsbury.
Non of the CMA actions, so far, have phased tech investors. London in 2022 maintained its massive lead over Paris and Berlin and is still ahead by a big margin. In Q1 2023, London VC funding is still double what its closet European competitors have received (Berlin or Paris have received). So when ABK comes out and say, the UK is closed for business, that's misinformation (aka lies) that do not align with the numbers and the facts. MS statements aren't any better, it's amazing how little press and scrutiny their veiled threats and misinformation (again, lies) have received.
And you know what, now that the weather is less cloudy in the dystopian corporates' lands and my vision is less blurry, I can actually say that the initial structural remedies suggested by the CMA were too soft, all they asked for (to my limited understanding anyway) is for MS not to acquire CoD, and keep the rest, the and rest are massive IPs, some of which have proven to be evergreen like Overwatch, WoW, and Diablo, some would've given the Xbox a diverse family friendly line up like Crash and Spyro, and some would've furthered their mobile ambitions like Candy Crush. There was a fantastic deal for MS here, and still is.
The CMA have been handling MS proposed acquisition with gloves, but evidently, even that wasn't enough.
Last edited by LurkerJ - on 30 April 2023
