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The Latest Breaking News from CMA

Microsoft acquisition of Activision Blizzard temporarily blocked by FTC restraining order

Microsoft's purchase of Activision Blizzard is blocked by a temporary restraining order obtained by the FTC, with a court date set for June 22, 2023.

Windows Central

Which? reports Tesco to CMA over pricing of Clubcard offers

Consumer group contends that supermarket’s failure to provide unit prices could amount to ‘misleading practice’

The Guardian - UK

Watchdog rules rail infrastructure deal could leave passengers worse off

The Competition and Markets Authority’s provisional findings could lead to the merger involving Hitachi and Thales being blocked.

The Independent UK

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The UK’s future Call of Duty access to be determined by Microsoft CEO’s chancellor meeting

The meeting follows the CMA's recent decision to block Microsoft's intended $69 billion acquisition of Activision Blizzard

Daily Mirror

The Guardian view on outsourced children’s homes: the wrong model

Editorial: New research shows that for-profit businesses make worse carers. It’s time to admit that privatisation failed

The Guardian - UK

Microsoft Activision deal set to be appealed by Xbox in July – but it’s a tough fight

The CMA and Microsoft are set to state their case for and against the latter's Activision acquisition next month.

Daily Mirror

Supermarkets slash diesel prices by more than 7p per litre

The average price of a litre of diesel at supermarket went from 151.02p per litre to 143.58p per litre

Manchester Evening News

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Asda's £611m deal to buy the Co-op's petrol station business cleared

Asda announced this week a new deal worth over £2bn to acquire the majority of EG Group's UK and Ireland operations

Birmingham Post

UK supermarkets cut diesel prices by 7p a litre after watchdog concerns

Reduction follows CMA plans to grill executives about ‘sustained higher margins’ but RAC says retailers should go further

The Guardian - UK

CMA warning over 'hydrogen ready' boilers

The Government has not yet decided on the use of hydrogen

Wales Online

Microsoft’s appeal against UK government’s block on Activision Blizzard acquisition to begin in July

Microsoft has made good on its promise to appeal the UK government’s decision to block its acquisition of Activision Blizzard.

TechRadar

A CMA director, who blocked Microsoft's Xbox-Activision merger, previously worked for a Sony law firm (Update)

The UK CMA recently blocked the Microsoft merger for Activision Blizzard, which would have made Xbox more competitive in a PlayStation-dominated market. The same CMA has a senior director who previously worked for a law firm representing Sony, one of only two complainants of the deal thus far.

Windows Central

Microsoft has filed its appeal to the UK's CMA over the Activision Blizzard acquisition

Microsoft's Activision Blizzard acquisition has sailed through regulators, with the UK's regulatory body as the lone standout. Microsoft has filed its appeal.

Windows Central

Xbox formally appeals UK block on Activision deal in a process that could take 9 months

Prepare for months of further uncertainty

GamesRadar

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The Guardian - UK

Microsoft appeals against UK watchdog’s veto of Activision Blizzard takeover

CMA says it is defending cloud gaming market, but Microsoft says moves ‘discourages tech innovation and investment’ in UK

Daily Record

Stephen Flynn tells Rishi Sunak to 'get real' as food prices continue to soar

The SNP Westminster leader asked the PM if he agreed the country was paying the price for a 'cost of greed crisis'.

The National (Scotland)

Sunak lashes out at Scottish Government as he's challenged on 'cost of greed crisis'

RISHI Sunak responded to an SNP call for action on the “cost of greed crisis” over supermarket prices by lashing out at the Scottish…

The Independent UK

Why food prices remain ‘worryingly high’ despite inflation falling

Consumers are continuing to face soaring prices for cupboard essentials, even as overall inflation eases

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Wales Online

This basket shows exactly how much food prices have risen in a year

The ONS has published examples of how the annual rate of inflation for everyday food and drink items has risen or fallen in the past year

The Independent UK

How food inflation is taking centre stage in the cost of living crisis - OLD

Consumers are continuing to face soaring prices for cupboard essentials, even as overall inflation eases.

The Guardian - UK

Major banks shared sensitive bonds information in online chats, CMA finds

Traders at five banks found to have discussed British government bond trading between 2009 and 2013

The Guardian - UK

The Guardian view on England’s water companies: a badly broken system

Editorial: Ministers were warned about the risks of private equity entering the sector but did nothing. Now we’re paying the price

Windows Central

Microsoft News Roundup: Activision Blizzard deal approved by EU, Bing Chat changes, Mortal Kombat 1, and more

The EU approving the purchase of Activision Blizzard and the official announcement of Mortal Kombat 1 are just some of this week's biggest stories.

The Guardian - UK

Revealed: warning to ministers over privatised water kept secret since 2002

Author calls for disclosure of his report that ‘shows why private equity dominance in England has proved so disastrous’

The Week

Microsoft, Activision and the battle with competition tsars

In a “striking show of leniency by a notoriously tough regulator”, the European Commission has approved Microsoft’s $69bn megadeal with games-maker Activision Blizzard, said DealBook in The New York Times – just weeks after the UK’s competition regulator threw it out.

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