UK CMA has now shared a statement in regards to its findings in its assessment of the Microsoft-Activision deal and it is a reverse-counter situation.
The UK CMA has now shared a statement stating, “The CMA inquiry group has updated its provisional findings and reached the provisional conclusion that, overall, the transaction will not result in a substantial lessening of competition in relation to console gaming in the UK. To many, this will be deemed a major step closer towards closing the proposed acquisition.”
This has just now confirmed that the inquiry group is convinced that the deal will not make the competition get lessened it if pushes through. Its statement is quite opposite to Sony’s very worried stance of the deal.
The UK CMA will be releasing its final report on April 26, 2023.
Chair of the independent panel of experts shared a statement saying, “Provisional findings are a key aspect of the merger process and are explicitly designed to give the businesses involved, and any interested third parties, the chance to respond with new evidence before we make a final decision.
“Having considered the additional evidence provided, we have now provisionally concluded that the merger will not result in a substantial lessening of competition in console gaming services because the cost to Microsoft of withholding Call of Duty from PlayStation would outweigh any gains from taking such action.”
“Our provisional view that this deal raises concerns in the cloud gaming market is not affected by today’s announcement. Our investigation remains on course for completion by the end of April.”