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M&A

Microsoft–Activision: CMA Final Report

Source: CMA Final Report (April 26, 2023) · 418 pages · Published: April 20, 2026

Highlights

Deal value: $68.7 billion
Final verdict: PROHIBITED
Microsoft pre-merger cloud gaming share: 60–70%
Two theories of harm assessed (console: no SLC; cloud: SLC found)

Full report

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