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Search resuls for: "Martin Coleman"


11 mentions found


☆ UK proposes changes to antitrust assessment after Microsoft-Activision case
  + stars: | 2023-11-20 | by ( Paul Sandle | ) www.reuters.com   time to read: +2 min
CMA panel chair Martin Coleman said under the proposals, the merging parties would have an opportunity to make representations after seeing the full version of the case against in an interim report. "Throughout the process it will be open to merger parties to discuss remedies with the group at an early stage if they so wish." By introducing a number of prompts for merging parties to consider without prejudice," she said. She said that the agency's strong preference for structural remedies remained and added that changes would only succeed if merging parties engaged in good faith. Reporting by Paul Sandle and Muvija M, writing by Sarah Young, editing by William JamesOur Standards: The Thomson Reuters Trust Principles.
Persons: Martin Coleman, Sarah Cardell, We've, Paul Sandle, Sarah Young, William James Our Organizations: Microsoft, Activision, Markets Authority, European Union, CMA, Thomson Locations: Britain
☆ Explainer: What next for Microsoft's $69 billion Activision deal after UK ban?
  + stars: | 2023-04-28 | by ( Paul Sandle | ) www.reuters.com   time to read: +3 min
LONDON, April 28 (Reuters) - Britain's Competition and Markets Authority (CMA) on Wednesday blocked Microsoft's (MSFT.O) $69 billion acquisition of 'Call of Duty' maker Activision Blizzard (ATVI.O) over concerns it would hinder cloud gaming. The regulator's decision reflected a flawed understanding of the market, it said. 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. "The CAT aims to deal with 'straightforward' cases in under nine months – and Microsoft/Activision is anything but straightforward," Lane, said. The U.S. Federal Trade Commission filed a complaint to block the deal, which Microsoft has indicated it will fight.
☆ Explainer: What next for Microsoft's $69 bln Activision deal after UK ban?
  + stars: | 2023-04-28 | by ( Paul Sandle | ) www.reuters.com   time to read: +3 min
The regulator's decision reflected a flawed understanding of the market, it said. 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. "The CAT aims to deal with 'straightforward' cases in under nine months – and Microsoft/Activision is anything but straightforward," Lane, said. The U.S. Federal Trade Commission filed a complaint to block the deal, which Microsoft has indicated it will fight. The regulator then "identified certain potential errors" in its investigation chaired by Martin Coleman, who also oversaw the Microsoft-Activision case.
☆ UK blocks Microsoft's $69 bln Activision deal over cloud gaming concerns
  + stars: | 2023-04-26 | by ( Paul Sandle | ) www.reuters.com   time to read: +4 min
The country's antitrust regulator said on Wednesday that Microsoft's commitment to offer access to Activision's multi-billion dollar "Call of Duty" franchise to leading cloud gaming platforms would not effectively remedy its concerns. The gaming company also reported quarterly results on Wednesday, a day earlier than scheduled, beating quarterly bookings estimates although that seemed to do little to allay investor concerns about Britain's move. Europe will decide on the Activision deal by May 22. The CMA said the cloud gaming market was forecast to be worth 11 billion pounds ($13.7 billion) globally by 2026. The CMA said Microsoft had an estimated 60%-70% of global cloud gaming services as well as competitive advantages including owning Xbox, PC operating system Windows and cloud provider Azure.
☆ UK blocks Microsoft $69 bln Activision deal over cloud gaming concerns
  + stars: | 2023-04-26 | by ( Paul Sandle | ) www.reuters.com   time to read: +4 min
The country's antitrust regulator said on Wednesday that Microsoft's commitment to offer access to Activision's multi-billion dollar "Call of Duty" franchise to leading cloud gaming platforms would not effectively remedy its concerns. Microsoft announced its Activision bid in January 2022 to boost its firepower in a video gaming market led by Tencent (0700.HK) and Sony (6758.T). Europe will decide on the Activision deal by May 22. The CMA said the cloud gaming market was forecast to be worth 11 billion pounds ($13.7 billion) globally by 2026. The CMA said Microsoft had an estimated 60%-70% of global cloud gaming services as well as competitive advantages including owning Xbox, PC operating system Windows and cloud provider Azure.
☆ UK blocks Microsoft takeover of Activision Blizzard
  + stars: | 2023-04-26 | by ( Hanna Ziady | ) edition.cnn.com   time to read: +3 min
London CNN —The UK antitrust regulator has blocked Microsoft’s $69 billion purchase of Activision Blizzard, thwarting one of the tech industry’s biggest deals over concerns it will stifle competition in cloud gaming. “The cloud allows UK gamers to avoid buying expensive gaming consoles and PCs and gives them much more flexibility and choice as to how they play. Allowing Microsoft to take such a strong position in the cloud gaming market just as it begins to grow rapidly would risk undermining the innovation that is crucial to the development of these opportunities,” it added. “Alongside Microsoft, we can and will contest this decision, and we’ve already begun the work to appeal to the UK Competition Appeals Tribunal,” Activision Blizzard CEO Bobby Kotick said in a statement. “Cloud gaming needs a free, competitive market to drive innovation and choice.”The UK cloud gaming market is expected to be worth up to £1 billion ($1.2 billion) by 2026, around 9% of the global market, according to the Competition and Markets Authority.
☆ U.K. Blocks Microsoft’s Bid for Activision, a Blow to the Tech Giant
  + stars: | 2023-04-26 | by ( David Mccabe | Kellen Browning | ) www.nytimes.com   time to read: +1 min
British antitrust regulators on Wednesday blocked Microsoft’s plans to acquire the video game giant Activision Blizzard for $69 billion, a significant hurdle for what would be the largest consumer tech acquisition since AOL bought Time Warner two decades ago. The Competition and Markets Authority in Britain said in a statement that Microsoft’s proposal “failed to effectively address the concerns in the cloud gaming sector.”The decision bolsters an effort by the Federal Trade Commission to block the acquisition and is a red flag for big technology companies trying to make large deals despite increasing government scrutiny over whether they abuse their power to hurt rivals and consumers. “Microsoft already enjoys a powerful position and head start over other competitors in cloud gaming and this deal would strengthen that advantage giving it the ability to undermine new and innovative competitors,” Martin Coleman, the chair of a panel that conducted an investigation for the C.M.A., said in a statement.
☆ The U.K. Deals a Huge Blow to Microsoft’s $69 Billion Activision Bid
  + stars: | 2023-04-26 | by ( Andrew Ross Sorkin | Ravi Mattu | Bernhard Warner | ) www.nytimes.com   time to read: +1 min
Microsoft’s video-game bet suffers a huge blowBritain’s mergers regulator on Wednesday blocked Microsoft’s $69 billion takeover bid for Activision Blizzard, ruling that buying the maker of “Call of Duty” would give the tech giant too much control of the thriving market for cloud-based video games. Shares in Activision tumbled 12 percent in premarket trading, while Microsoft’s stock was up almost 8 percent after a solid earnings report. The deal risks “undermining the innovation” happening in cloud gaming, the C.M.A. said, by giving control of popular game titles to Microsoft, which owns the Xbox platform. (Cloud gaming isn’t reliant on users owning expensive consoles.)
☆ Activision shares jump as British competition regulator drops key concern on Microsoft takeover
  + stars: | 2023-03-24 | by ( Ryan Browne Arjun Kharpal | Ryan Browne | Arjun Kharpal | ) www.cnbc.com   time to read: +2 min
An Activision Blizzard's Call of Duty: Modern Warfare video game is inserted into the Microsoft's Xbox One video game console arranged in Denver, Colorado, on Wednesday, Jan. 19, 2022. Shares of Activision Blizzard surged Friday, after the U.K.'s Competition and Markets Authority narrowed the scope of its investigation into Microsoft 's takeover of the games publisher. The development marks a partial win for Microsoft, as it pursues an expansion of its video game business. Among its concerns, the regulator flagged that the deal would cause a substantial lessening of competition in the console gaming market. With this new evidence, the CMA now says it no longer believes the transaction will hamper competition in console games.
☆ What challenges does Microsoft's $69 bln Activision deal face?
  + stars: | 2023-02-22 | by ( Foo Yun Chee Chavi Mehta | Foo Yun Chee | Chavi Mehta | ) www.reuters.com   time to read: +4 min
WHAT IS THE ACTIVISION DEAL? A group of 10 gamers in the United States has filed a private consumer antitrust lawsuit over the deal. Both companies have signed 10-year licensing deals that will bring Call of Duty to their gaming platform if the Activision deal is approved. Spain's Nware also signed a 10-year deal to bring Xbox and Activision Blizzard games to the Spanish cloud-gaming platform. Microsoft's Smith said the company would fight the FTC's request to block the deal.
Persons: Tencent, Martin Coleman, Brad Smith, Smith, Spain's Nware, Meta, Microsoft's Smith, Foo Yun Chee, Aurora Ellis, Maju Samuel Organizations: U.S . Federal Trade Commission, Microsoft, Activision, ACTIVISION, HK, Sony, U.S . FTC, Britain's, Markets, FTC, Nintendo, Sony Group, CMA, Commission, WHO, United States, May, Games Development, UNI Global Union, Nvidia, MICROSOFT, Britain, NINTENDO, NVIDIA, Xbox, Activision Blizzard, Antitrust, Facebook, Thomson Locations: metaverse, U.S, United, Brazil, Chile, Serbia, Saudi Arabia
☆ Britain says Microsoft's 'Call of Duty' deal could harm gamers
  + stars: | 2023-02-08 | by ( Paul Sandle | ) www.reuters.com   time to read: +3 min
[1/2] Activision games "Call of Duty" are pictured in a store in the Manhattan borough of New York City, New York, U.S., January 18, 2022. REUTERS/Carlo Allegri/File PhotoSummarySummary Companies Deal raises concerns- regulatorAcquisition threatens Xbox and PlayStation rivalryMicrosoft says committed to addressing concernsLONDON, Feb 8 (Reuters) - Britain's antitrust regulator said Microsoft's (MSFT.O) $69-billion purchase of "Call of Duty" maker Activision Blizzard (ATVI.O) could harm gamers by weakening the rivalry between Xbox and Sony's PlayStation. The Competition and Markets Authority (CMA) said the deal could result in higher prices, fewer choices and less innovation for millions of gamers, as well as stifling competition in the growing cloud gaming market. In December, the United States moved to block the deal, citing Microsoft's record of hoarding valuable gaming content. Microsoft, which has pledged to keep "Call of Duty" on PlayStation, said it would address the CMA's concerns.
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