The British Market Competition Authority (CMA) has been questioned for its opposite attitude to the Microsoft Activision acquisition.
Senior officials of CMA were called to the British Trade Commission to be questioned by MPs, who asked the head of CMA to answer why it was at odds with the EU, whether blocking the acquisition would affect Britain's reputation, and whether CMA had taken into account the possible negative impact on the country's business environment before making a decision.
Marcus Bokkerink, chairman of CMA, argued: & ldquo; I understand the concern that whenever a deal is blocked, there are concerns about whether the UK is open to business. But anyone who works in business knows that startups, creating business models, investing in business models, and investing in start-ups are fundamentally different from acquiring established companies with big families. & rdquo
& ldquo;CMA aims to safeguard the national foundation, that is, to encourage free competition in open markets, but is wary of separatist forces that seek to continue to expand. If anyone thinks that such precautions will affect international goodwill, I'm afraid I don't agree with him-rdquo;,Bokkerink says he believes that tolerating mergers and acquisitions that hamper free competition will endanger market confidence.
Microsoft and Activision raised CMA's decision to a high level of politics, fiercely lashing out that CMA blocking sex between the two sides not only harmed Britain's business environment, but also made Britain more unsociable after Brexit. In order to land safely in order to get the golden parachute, Activision little fat Bobby Kotick opened up all his firepower in front of the charge:
& ldquo; (British Prime Minister) Sunak once said that he wants to build the UK into an European Silicon Valley. If even such mergers and acquisitions do not work, the UK will not become Silicon Valley, only death Valley. & rdquo
The fat man claimed that blocking mergers and acquisitions would only hurt others and the UK would suffer as a result; Microsoft CEO Brad Smith called CMA's decision a dark moment for Microsoft in the UK, suggesting that Microsoft is considering moving investment to the European Union, where the ldquo; English Channel is becoming a natural predator & rdquo;.
Commenting on the EU's decision, Sarah Cardell, chief executive of CMA, said that the European Commission accepted Microsoft's supplementary terms, while CMA decided that the 10-year supplementary provisions could not protect emerging markets and cloud gaming businesses, and it was necessary to reject Microsoft's remedies in order to safeguard the national interest.
Cardell also pointed out that even the United States, where Microsoft is based, is seeking to block the merger, and the Federal Trade Commission is taking legal action to try to force Microsoft to abandon the acquisition with antitrust provisions.
In addition, Activision Blizzard announced that the 2023 Blizzard Carnival will be held at the Anaheim Convention Center in Los Angeles from November 3 to 4, the first offline carnival after a three-year hiatus.
Industry insiders hope that this Blizzard Carnival will reveal ldquo; 's new survival game, rdquo;, which became known last year because of job advertisements.
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