The UK CMA shocked everyone this week, announcing that it was blocking Microsoft's acquisition of Activision Blizzard in the interest of protecting competition in the burgeoning cloud-gaming market.
Well, maybe not everyone. I was shocked, however, as my assessment of the deal hasn't really changed since the CMA released its first provisional ruling in February. Given that cloud gaming as a market barely exists at this point and Sony could choose to compete more aggressively there if it felt like it, I'm suprised the CMA found that to be the sticking point.
But I don't really want to talk about what this means for the deal or what happens now. You can certainly find better informed takes on that, perhaps on this very site.
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