UK's competition watchdog stops Microsoft from buying Activision
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In a massive blow to Microsoft, UK's competition watchdog, the Competition and Markets Authority (CMA), has blocked its $69 billion deal to acquire Activision Blizzard. The CMA prevented the deal over concerns that it would alter the cloud gaming market, it said in a press release. Microsoft failed to reassure CMA that it would not. Activision and Microsoft may appeal this decision.