Activision Blizzard boss Bobby Kotick warns billion-dollar buyout saga isn’t over
After suffering a shock upset at the eleventh hour, the UK’s CMA has blocked Microsoft’s attempted acquisition of Activision Blizzard, surprising pundits and analysts alike who had expected the deal to go ahead. An internal email from Activision Blizzard CEO Bobby Kotick has been issued in response toAnd the company has already started the appeal process.
“Today, the Competition and Markets Authority, a regulatory agency in the UK, has decided not to approve our merger with Microsoft. It’s not the news we wanted – but it’s far from the final word on this deal,” he says.
He continues, noting that “along with Microsoft, we can and will contest this decision, and we have already begun work on an appeal to the UK Competition Appeal Tribunal” and that “we have our cases Trust in because we have the facts. Sides: This deal is good for competition.
It’s quite a change and one we’ll no doubt be grappling with for months, even years, to come… and just when we thought the war of words might finally be over.
What do you think of Kotick’s answer? What do you think about this sudden change? Feel it all in the comments section below.
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