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The Latest Breaking News from CMA

Why the CMA was right to stand up to Microsoft’s bluster

City voices: The CMA hasn’t made many friends with this move, but it’s hard, thus far, to fault it

Evening Standard

Activision Blizzard hires barrister who advised Boris Johnson on partygate to front CMA appeal

Hiring Lord Pannick is a statement of intent.

PC Gamer

Activision hires Queen Elizabeth II's former lawyer to lead appeal over Xbox merger

Baron Pannick is taking on the CMA

GamesRadar

From analysis to the latest developments in health,
read the most diverse news in one place.

Are Microsoft and Xbox going to pivot away from cloud gaming?

Microsoft's regulatory comments to the CMA might be telling of a broader strategy shift away from Xbox Cloud Gaming.

Windows Central

Microsoft exec admits the console war has been lost

In a brutally honest 40-minute mea culpa, Xbox head Phil Spencer said the new Xbox Series X console will not be able to topple Sony and Nintendo.

Fortune

US, UK governments make weak plea to AI companies: 'The private sector has an ethical, moral, and legal responsibility'

Too little too late?

PC Gamer

Watchdog raises competition concerns over Copart’s acquisition of vehicle salvage and recycling firm Hills Motors

The CMA had previously raised concerns over the deal in November last year

Birmingham Post

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UK and US intervene amid AI industry’s rapid advances

Competition and Markets Authority sends ‘pre-warning’ to sector, while White House announces measures to address risks

The Guardian - UK

UK’s competition watchdog aims for leading global role

Ruling against Microsoft Activision merger looks like warning shot as CMA takes on task of regulating big tech after Brexit

The Guardian - UK

UK launches review of AI models such as ChatGPT

Artificial intelligence regulation to be split between human rights, health and safety, and competition

The Independent UK

Adobe could be pushing its luck over Figma deal

Adobe Figma acquisition looked into by the UK’s Competition and Markets Authority for “substantial lessening of competition.”

TechRadar

Watchdog was right to block Microsoft’s £55bn Activision takeover

City voices: The CMA hasn’t made many friends with this move, but it’s hard, thus far, to fault it

Evening Standard

Xbox lead Phil Spencer comments on Redfall 'disappointment' and more in new interview

The latest interview with Phil Spencer had some interesting quotes from the CEO about recent Redfall and CMA controversies.

Windows Central

Competition watchdog opens probe into how UK should regulate AI

The CMA has been asked by the Government to launch a “fact-finding” mission into the sector

Evening Standard

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Insider UK

UK competition watchdog launches review of AI market

Move comes amid warnings from experts about potential for misuse of rapidly-improving technology

Investors Business Daily

Dow Jones Futures Fall As PacWest Dives On Sale Report; Apple Earnings On Tap

PacWest Bancorp plunged on a sale report, slamming other bank stocks. Apple headlines big earnings Thursday.

The Conversation

Why post-Brexit Britain is still open for business – despite what Microsoft says

The UK’s ability to attract business has recently been called into question after its competition regulator blocked tech giant Microsoft from buying gaming firm Activision for US$68.7 billion (£55 billion).

Evening Standard

Competition watchdog investigates Adobe’s $20 billion deal to buy web design software firm Figma

Figma’s web design tools compete with Adobe’s own product XD

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news in one place.

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The Guardian - UK

Pushing Buttons: Why the Microsoft-Activision Blizzard merger is a fight over the future of games

In this week’s newsletter: A UK regulator blocked a $70bn acquisition last week not because of any threat now, but over worries about a future monopoly

The Guardian - UK

TechScape: Why Microsoft’s mega-merger with Activision Blizzard is stalling

In this week’s newsletter: The tech behemoth was set to acquire the Call of Duty makers, then the UK regulator stepped in – but not for the reason you might think

GamesRadar

Activision says it develops so much content for Call of Duty that it needs "almost 1.5 lead studios" for each game

The CMA's final report has given more insight into Activision

GamesRadar

The total cost of the biggest games now reportedly tops $1 billion

The information shows a sharp increase over the past five years

The Guardian - UK

UK supermarkets face calls for ‘profiteering’ investigation as inflation soars

Lib Dem leader calls for watchdog to probe reports of big retailers and food multinationals inflating markups

GamesRadar

UK regulator says Microsoft would lose "substantial" money by making Call of Duty Xbox exclusive

The CMA doesn't buy Sony's concerns that an Xbox-exclusive Call of Duty would be profitable for Microsoft

Asharq Al-Awsat

Saudi CMA Waives Sukuk, Bonds Trading Commission to Develop Market

Saudi Arabia’s Capital Market Authority (CMA) on Sunday announced waiving its share in sukuk and bonds trading commission starting from May 2023. This step comes as part of the efforts to reduce costs on market participants in a way that enhances liquidity, increases competitiveness in the local market and expands…

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