Microsoft Gaming CEO Phil Spencer has reportedly reassured staff following the news of the block to the Microsoft/Activision Blizzard deal in the UK.
On Wednesday, it was confirmed that the UK government’s Competition and Markets Authority had decided to block Xbox’s acquisition of Activision Blizzard, due to cloud gaming concerns. The $69 billion deal has been in the works for months, but the CMA said that the purchase “would alter the future of the fast-growing cloud gaming market, leading to reduced innovation and less choice for UK gamers over the years to come.”
According to Bloomberg and its sources, Spencer reportedly acknowledged the CMA’s decision in a meeting for division employees, saying it will slow the approval process but that Microsoft’s desire to pursue the deal hasn’t wavered.