Explainer-What next for Microsoft’s $69 billion Activision deal after UK ban?
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Britain's Competition and Markets Authority (CMA) on Wednesday blocked Microsoft's $69 billion acquisition of 'Call of Duty' maker Activision Blizzard over concerns it would hinder cloud gaming.The ruling was a shock after the regulator had already resolved its concerns about the consoles market, a sector dominated by Sony's PlayStation and Microsoft's Xbox, which dwarfs cloud gaming. IS THE DEAL DEAD? Not necessarily. Microsoft said it remained fully committed and would appeal.The regulator's decision reflected a flawed understanding of the market, it said.HOW DOES THE APPEAL PROCESS WORK?Microsoft can appeal to Britain's Competition Appeal Tribunal (CAT), an independent judicial body, which will only examine the CMA's decision-making process, not the merits of the merger.Micros...