The European Union has approved Microsoft’s deal with Activision Blizzard. Instead, the British competition agency the Competition and Markets Authority, or CMA, decided to block the intended transaction.
CMA bosses Markus Bockrink and Sarah Cardell had to explain their decision. According to representatives of parliament, a protracted decision could damage Britain’s reputation.
In a broadcast on parliamentlive.tv (reported by Eurogamer), Bokrink responded to the representatives of parliament, stating that the CMA had done its job.
“I understand the conclusion – that when a decision is made that blocks a deal, there are questions about whether the UK is open for business. All businesses know that creating a business, setting up a new There is a huge difference between investing in a business, investing in. A startup, creating a new business – there is a huge difference between this and buying an already established, well-established firm with established positions. Both are not identical.
“The UK has always encouraged – and it is the CMA’s duty to encourage – open competitive markets. We are vigilant – as we have a duty – to invest in investments that strengthen what is already a market force.”