Microsoft's $69 billion deal to buy video game company Activision Blizzard faces an in-depth antitrust investigation in Britain after the tech company refused to offer proposals to ease competition concerns.
Britain's Competition and Markets Authority said Thursday that it was referring the blockbuster deal for more scrutiny under a so-called phase 2 investigation.
The watchdog said that based on the available information, the deal "may be expected to result in a substantial lessening of competition" in the United Kingdom.
The all-cash deal, which is set to be the largest in the history of the tech industry, is facing scrutiny from competition regulators around the world. It would give Microsoft, maker of the Xbox console and gaming system, control of popular game franchises such as Call of Duty, World of Warcraft and Candy Crush.
In the U.K., regulators had opened a preliminary inquiry and threatened to escalate it earlier this month unless the companies came up with proposals within five days to ease their concerns.
Last week, "Microsoft informed the CMA that it would not offer such undertakings," the watchdog said.
Microsoft declined to comment and referred to a statement this month from President Brad Smith, who said the company is ready to work with U.K. regulators and is committed to making Activision's popular Call of Duty game available on both Xbox and rival Sony's PlayStation.
More than eight months after Microsoft announced the deal, only Saudi Arabia has approved it. Competition watchdogs from New Zealand to Brazil and the U.S. are still examining the purchase, while the European Union is expected to soon announce its own investigation.
SMPTE elects board officers, regional governors
SMPTE®,the home of media professionals, technologists, and engineers, has revealed the board officers and regional governors who will serve terms beginning in January 2025.
Three new officers--Richard Welsh as SMPTE president, Eric Gsell as SMPTE executive VP, and Polly Hickling as SMPTE Education VP--have been elected for a two-year term from Jan. 1, 2025, to Dec. 31, 2026. One SMPTE officer, Lisa Hobbs, will be continuing her service as SMPTE secretary and treasurer for another two-year term. Additionally, Raymond Yeung will be stepping into the role of standards VP on Jan. 1, 2025.
“SMPTE’s membership has spoken,” said SMPTE interim executive director Sally-Ann D’Amato. “These officers have been tasked with an important responsibility, one each of them is prepared to tackle head-on. These next two years are looking bright for SMPTE!”
In addition to the officers, 10 regional governors were elected by the Society to serve two-year 2025-2026 terms.
These include the following regional governors, re-elected to continue their service:
Asia-Pacific Region Governor
Tony Ngai, Society of Motion Imaging Ltd.
EMEA - Central & South America Region Governor
Fernando Bittencourt, FB Consultant
United Kingdom Region Governor
Chris Johns, Sky UK.
USA - Central Region Governor
William T. Hayes, Consultant
USA - Eastern Region Governor
Dover Jeanne Mundt, Riedel Communications
USA - Western Region Governor
Jeffrey F. Way, Open Drives
Also elected were four newcomers to the SMPTE Board:
Canada Region Governor
Jonathan Jobin, Grass Valley
USA - Hollywood Region Governor
Allan Schollnick, Voxx... Read More