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The Latest Breaking News from CMA

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

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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

UK competition watchdog launches review of AI market

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

Insider UK

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).

The Conversation

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

Evening Standard

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

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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

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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…

Daily Mirror

Xbox Game Pass harming software sales is proof that subscriptions services aren’t the future

Xbox Game Pass is one of the best deals in gaming right now, but not necessarily healthy for the future of video games

Windows Central

Microsoft News Roundup: Farewell Activision Blizzard deal, goodbye Windows 10, and so long Microsoft-branded accessories

The UK CMA blocked Microsoft's purchase of Activision Blizzard this week. We also saw Microsoft discontinue some of its accessories and a wide range of other stories.

Windows Central

The Microsoft and Activision Blizzard deal is being scrutinized for the wrong reasons

Microsoft's ongoing $69 billion acquisition of Activision Blizzard deserves to be scrutinized, but many regulators are doing so for the wrong reasons.

Evening Standard

What is cloud gaming and will the death of the Microsoft Activision Blizzard deal affect it?

The tech industry is hoping that if it were cheaper and easier to access, people would stream more video games from the cloud.

PC Gamer

As the CMA recriminations rumble on, Microsoft signs yet another ten-year deal with a cloud platform you've never heard of

Well, I wasn't Nware of them.

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People

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