On March 22nd, 2022, the UK’s Competition and Markets Authority (CMA) reversed its decision to block Microsoft’s $68.7 billion acquisition of Activision Blizzard, citing concerns about the deal’s potential impact on competition in the gaming industry.
In response to the CMA’s decision, Microsoft released a statement welcoming the reversal and expressing its commitment to working with the CMA to address its concerns.
“We are pleased that the CMA has decided to reconsider its previous decision,” Microsoft said in its statement. “We remain committed to working with the CMA to ensure that the acquisition of Activision Blizzard does not harm competition in the gaming industry.”
However, Sony, one of Microsoft’s main competitors in the gaming industry, criticized the CMA’s decision and called it “irrational.”
In a statement released shortly after the CMA’s reversal, Sony expressed its disappointment with the decision and emphasized the need for continued competition in the gaming industry.
“We are disappointed by the CMA’s irrational decision to reverse its approval of the Microsoft Activision acquisition,” Sony said in its statement. “Competition is critical to the success of the gaming industry, and we believe that this decision will harm both competition and consumers.”
It certainly seems like the tide is shifting toward Microsoft’s favor regarding this acquisition, irrespective of Sony’s objections.