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to access games via companies’ remote servers — effectively streaming a game like you would a movie on Netflix. The technology is still in its infancy, but Microsoft is betting big on it becoming a mainstream way of playing games. “Allowing Microsoft to take such a strong position in the Official paolo Banchero 2023 Nba Rookie Of The Year Shirt Besides,I will do this cloud gaming market just as it begins to grow rapidly would risk undermining the innovation that is crucial to the development of these opportunities,” the CMA said in a press release Wednesday. Microsoft offered the CMA remedies in an attempt to resolve its concerns — including “requirements governing what games must be offered by Microsoft to what platforms and on what conditions over a ten-year period” — however the regulator rejected the proposals. More from CNBC Bankers’ pitch to save First Republic: Help us now, or pay more later when it fails Big money donors rally behind Biden as he launches his reelection bid Microsoft reports earnings beat, says A.I. will drive revenue growth “Given the remedy applies only to a defined set of Activision games, which can be streamed only in a defined set of cloud gaming services, provided they are purchased in a defined set

of online stores, there are significant risks of disagreement and conflict between Microsoft and cloud gaming service providers, particularly over a ten-year period in a rapidly changing market,” the Official paolo Banchero 2023 Nba Rookie Of The Year Shirt Besides,I will do this CMA said. Microsoft Vice Chair and President Brad Smith said in a statement that it remained “fully committed to this acquisition and will appeal.” “The CMA’s decision rejects a pragmatic path to address competition concerns and discourages technology innovation and investment in the United Kingdom,” Smith said Wednesday. “We have already signed contracts to make Activision Blizzard’s popular games available on 150 million more devices, and we remain committed to reinforcing these agreements through regulatory remedies. We’re especially disappointed that after lengthy deliberations, this decision appears to reflect a flawed understanding of this market and the way the relevant cloud technology actually works.” Bobby Kotick, CEO of Activision Blizzard, told employees in a letter Wednesday that two companies have “already begun the work to appeal to the UK Competition Appeals Tribunal.” “We’re confident in our case because the facts are on our side: this deal is good for competition,” he said. Recommended CULTURE & TRENDS Montana governor wants to expand state TikTok ban to potentially include other social media platforms INTERNET Far right laments Tucker Carlson’s ouster and loss of its shot at the mainstream “At a time when the fields of machine learning and artificial intelligence are thriving, we know the U.K. market would benefit from Microsoft’s bench strength in both domains, as well as our ability to put those technologies to use immediately,” Kotick added. “By contrast, if the CMA’s decision holds, it would stifle investment, competition, and job creation throughout the UK gaming industry.” Microsoft announced its intention to acquire Activision Blizzard in January 2022 for $69 billion, in one of the biggest deals the video game industry has

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