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Fortune
Fortune
Chloe Taylor

Activision boss labels U.K. blocking of $69 billion Microsoft deal ‘irrational.’ ‘It makes no sense’

Bobby Kotick, CEO of Activision Blizzard, attends the Allen & Company Sun Valley Conference on July 08, 2022 in Sun Valley, Idaho. (Credit: Kevin Dietsch—Getty Images)

The Activision Blizzard boss has hit out at the British government’s competition regulator, accusing officials who blocked his company’s $69 billion acquisition by Microsoft of misunderstanding the gaming industry.

On Wednesday, the U.K. government’s Competition and Markets Authority (CMA) announced it had blocked Microsoft’s proposed $69 billion takeover of Activision, citing concerns that the deal would “alter the future of the fast-growing cloud gaming market” and stifle innovation and choice for consumers.

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