1 year 1 month ago
Link
The UK Competition and Markets Authority has defended its decision to block Microsoft's $68.7bn Activision Blizzard buyout, as part of a grilling by MPs today.
CMA bosses Marcus Bokkerink and Sarah Cardell faced repeated questions from the UK government's Business and Trade Committee this morning relating to the decision, just a day after the European Commission voted to approve the deal in the EU.
MPs asked the CMA to explain why it had reached a different decision on the deal to its European counterpart, and repeatedly questioned whether the CMA had considered the effects of blocking a deal like this on the UK's international reputation.