The UK’s Competition and Markets Authority (CMA) is launching a dual investigation into Microsoft’s proposed acquisition of video game maker Activision Blizzard and Amazon’s competitive practices related to its Marketplace platform.

In January 2022, Microsoft announced plans to acquire Activision Blizzard for $68.7 billion, potentially The biggest in Microsoft history the acquisition is $26 billion more than the company paid for LinkedIn in 2016.

July 6, 2022 CMA started inviting views on a deal with a deadline of July 20. The CMA has tentatively set itself a September 1 deadline for it to either approve the deal or initiate a more in-depth review of the second phase.

Earlier this month, Linda Hahn, chairwoman of the US Federal Trade Commission (FTC), did too confirmed that the agency is “examining the impact on competition in all relevant markets for possible enforcement action.”

The acquisition immediately came under scrutiny due to a lawsuit filed by the California Department of Fair Employment and Housing in July 2021, which cited “multiple complaints of harassment, discrimination and retaliation” at the company.

However, the CMA says it will not investigate the workplace culture at Activision Blizzard, focusing instead on whether the deal will reduce competition in the UK.

Copyright © 2022 IDG Communications, Inc.

Previous articleDeclan Donnelly ‘heartbroken’ after death of his older brother, father Dermot Donnelly, aged 55 | Ents and art news
Next articleAshley Alder has been appointed as the next chairman of the FCA