Activision’s CEO Calls UK Decision to Block $69 Billion Microsoft Deal ‘Irrational’
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Activision Blizzard Inc. Chief Executive Officer Bobby Kotick called UK regulators' decision to block Microsoft Corp.'s $69 billion acquisition of his company “irrational” and predicted the deal will ultimately win approval.In a Bloomberg Television interview, Kotick didn't say whether the companies would extend their purchase agreement beyond a July deadline. The pair are preparing their response to the UK decision, he said, adding, “I think the appeals process will work in our favor.” On Wednesday, the UK's Competition and Markets Authority decided the deal would give Microsoft an unfair leg up in cloud gaming, which involves streaming video games from data centers to a broad range of devices. Microsoft wouldn't have enough incentive to put Activision games like Call of Duty, O...