Microsoft and the UK Both Need to Admit Mistakes
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The long-awaited green light from the UK competition watchdog for Microsoft Corp.'s $69 billion takeover of games publisher Activision Blizzard Inc. should prompt some self-criticism all round. The UK reached a good outcome but in a needlessly drawn-out and volatile manner. Microsoft's inappropriate public berating of the UK was reputationally damaging for the software giant and, worse, British politicians gave the impression of being swayed by it. The regulator, the regulated and the government have lessons to learn.Having blocked the transaction outright in April, the Competition and Markets Authority on Friday celebrated a revised deal put forward by Microsoft as good news for cloud gaming — the area where the world's leading regulators agreed the deal as initially structured ...