CMA blocked Microsoft's purchase of Activision Blizzard

Microsoft, Amazon announce job cuts as tech layoff persists

Microsoft said it signed a 10-year deal with Nware to bring Xbox and Activision Blizzard games to the Spanish cloud-gaming platform, days after Britain blocked its $69 billion buyout of the Call of Duty maker.

U.K.'s Competition and Markets Authority said Microsoft (MSFT) already has "strong advantages" in cloud gaming, as it owns Windows, it has the Azure cloud platform and Xcloud, along with its Xbox gaming base, bringing its market share of cloud gaming to be between 60% and 70%.

"We have therefore concluded that combining Activision’s strong portfolio of games with Microsoft’s current multiple cloud gaming strengths would enable Microsoft to harm current and emerging cloud gaming competitors by withholding Activision games from them and, unlike in the case of consoles, we have not found that there are any material reasons to stop it doing this," the CMA wrote in its decision.

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CMA blocked Microsoft's purchase of Activision Blizzard