Microsoft’s blockbuster acquisition bid for Activision Blizzard has been blocked in the UK, spelling trouble for the tech giant’s mega purchase worth around $69 billion. The country’s Competition and Markets Authority (CMA) has ruled that Microsoft couldn’t adequately address its concerns about the company’s position in the cloud gaming segment. The CMA started looking into the acquisition bid after multiple rivals — chief among them being Sony — raised concern that the deal would allow Microsoft an unfair advantage
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