Microsoft’s $69 Billion Activision Deal Blocked by UK (4)

Microsoft Corp.’s $69 billion takeover of Activision Blizzard Inc. was vetoed by Britain’s antitrust watchdog, in a potentially fatal blow for the gaming industry’s biggest ever deal.

The Competition and Markets Authority said its concerns couldn’t be solved by remedies such as the sale of blockbuster title Call of Duty or other solutions involving promises to permit rivals to offer the game on their platforms, according to a statement Wednesday. Microsoft said it will appeal the decision.

Watch: The UK blocks Microsoft’s takeover of Activision.

Source: Bloomberg

Pressure had been mounting on Microsoft as it lobbies at home and in Europe to convince watchdogs to clear the deal ...