Microsoft wins battle with Sony as UK reverses finding on Activision merger
In a recent development, Microsoft has emerged victorious in its battle against Sony, with the UK reversing its finding on the Activision merger. This marks a major victory for Microsoft, as it gives the green light to the company’s proposed takeover of Activision.
The UK’s Competition and Markets Authority (CMA) had previously raised concerns over the deal, stating that it could lead to a “substantial lessening of competition” in the console gaming market. However, Microsoft has now addressed these concerns, with the CMA stating that the “remedies offered by Microsoft remedy the competition concerns”.
Under the terms of the deal, Microsoft will acquire all of Activision’s shares for a total of $42 billion. The deal is expected to close in the second half of 2020, and will see Microsoft become the world’s largest gaming company.
This is a huge win for Microsoft, and will no doubt be a major blow to Sony. The Japanese company has been embroiled in a fierce battle with Microsoft over the past few years, and this latest development is sure to add fuel to the fire.
It remains to be seen how Sony will respond to this latest setback, but one thing is for sure – the competition in the console gaming market is only going to heat up from here on out.
