UK Regulator to Refer Microsoft Deal for Activision Blizzard for Phase 2 Investigation
September 15 2022 - 6:49AM
Dow Jones News
By Kyle Morris
The U.K.'s Competition and Markets Authority said Thursday that
it has decided to refer Microsoft Corp.'s $75 billion acquisition
of Activision Blizzard Inc. for a phase 2 investigation after
Microsoft informed the regulator that it wouldn't be offering any
undertakings.
On Sept. 1, the regulator decided that the merger might result
in a substantial lessening of competition in the U.K.
On Jan. 18, Microsoft agreed to buy Activision Blizzard Inc. in
an all-cash deal.
Write to Kyle Morris at kyle.morris@dowjones.com
(END) Dow Jones Newswires
September 15, 2022 07:34 ET (11:34 GMT)
Copyright (c) 2022 Dow Jones & Company, Inc.
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