Microsoft's £50.5bn acquisition of Call of Duty firm to be scrutinised by UK watchdog

The all-cash takeover would give the Xbox maker a leap into the mobile gaming sphere and 'play a key role in the development of metaverse platforms', according to Microsoft boss Satya Nadella

The Competition and Markets Authority said it will be engaging with its counterparts around the world"as appropriate" and will aim to issue a decision in its Phase 1 investigation after 40 working days, or 1 September.

At the end of the Phase 1 investigation the CMA will have decided whether the merger might harm competition - if this is the case then it will have to launch an in-depth Phase 2 assessment.Microsoft said that Activision CEO Bobby Kotick - who had even faced calls to quit from staff over his handling of the claims - would continue in the role.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

SkyNews /  🏆 35. in UK

Australia Latest News, Australia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Microsoft’s Activision acquisition is being investigated by the UK’s competition watchdog | VGCMicrosoft‘s planned acquisition of Activision Blizzard is being investigated by the UK’s competition regulator
Read more »

Silvertown regeneration: Millennium Mills work beginsSome 1,500 new homes will be built during the first phase of the £3.5bn project.
Read more »

Dancehall star Popcaan held by Home OfficeDancehall star Popcaan held by Home Office Star is calling on Jamaican Prime Minister Andrew Holness to investigate why he keeps being detained in the UK
Read more »

Wakefield ultrasound clinic shut over incorrect miscarriage diagnosesAn ultrasound clinic where some women were wrongly told they had miscarried and babies' genders were incorrectly identified has been shut.
Read more »

More UK calls for ban of CCTV makers Hikvision, DahuaUK wants to follow US move to stop sales from equipment manufacturers
Read more »

The Modern Warfare 2 open beta won’t launch until mid-September, it’s claimed | VGCThe Call of Duty Modern Warfare 2 open beta will reportedly start in mid-September, just six weeks before the game’s launch
Read more »