Microsoft Gaming CEO Phil Spencer has commented on the United Kingdom’s Competition & Markets Authority decision to block the deal to buy Activision Blizzard for $68.7 billion.
Speaking to Kinda Funny, Spencer said Xbox continues to feel confident that the deal will eventually go through and that the next step is to appeal the decision. As that’s happening, Spencer said Microsoft continues to work with the European Union and the FTC to get the deal done. There are about 14 jurisdictions that Microsoft is seeking approval for, and so far, nine have approved it, Spencer said.
The CMA rejected the Microsoft deal over concerns about the cloud gaming market. Spencer, like others, said he believes the cloud gaming market is only just getting started, which makes the decision puzzling.