TechCrunch: M&A

APRIL 26, 2023

The U.K.’s Competition and Markets Authority (CMA) has confirmed that it intends to block Microsoft’s megabucks Activision acquisition, concluding that such a merger would create “…the most powerful operator” in the cloud gaming market. The CMA noted that with Microsoft’s current share of 60-70% of the U.K. cloud gaming market, acquiring Activision’s portfolio of games would “substantially weaken competition.” It added that Microsoft would also hav

IT 105

IT Mergers and Acquisitions Mergers Acquisitions 105

The Guardian: Mergers & Acquisitions

APRIL 26, 2023

Competition and Markets Authority blocks what would have been biggest acquisition in gaming history The Call of Duty developer Activision Blizzard has accused the UK of being “closed for business” after the competition regulator blocked its attempted takeover by Microsoft, which would have been the largest acquisition in gaming history. The Competition and Markets Authority (CMA) prevented the $68.7bn (£55bn) cash purchase because of concerns it would squash the cloud gaming market, sparking fur

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Business Acquisitions Investment IT 76

Benchmark International

APRIL 26, 2023

Benchmark is pleased to announce the transaction between Premiere Lawn Service, Incorporated, and Monarch Landscape Companies, a portfolio company of Audax Private Equity. The transaction creates a strategic expansion into the Washington state market.

Private Equity 52

Private Equity Portfolio Equities Mergers and Acquisitions 52

Financial Times - Banking

APRIL 26, 2023

UK business gains from rising interest rates and low loan losses help offset weaker showing from investment bank

Profitability 40

Profitability Investment Banking Banking Bank 40

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Benchmark International

APRIL 26, 2023

Benchmark International has successfully facilitated a transaction between Virginia-based H3 Solutions, Inc. ("H3") and Auctus Technologies, based in Ontario, Canada.

Mergers and Acquisitions 52

Mergers and Acquisitions Mergers Acquisitions 52

The Guardian: Mergers & Acquisitions

APRIL 26, 2023

CMA surprised sector by saying deal would give Seattle firm undue power to shape cloud gaming Microsoft’s attempted acquisition of Activision Blizzard, the development conglomerate behind games including Call of Duty, World of Warcraft and Candy Crush Saga, has been blocked by the UK’s competition watchdog in a surprise move. The $70bn (£65bn) purchase would have been the largest in gaming history but now, unless the two companies can convince a tribunal to overturn the ban on appeal, it is dead

Acquisitions 75

Acquisitions IT Mergers and Acquisitions Funds 75