{"id":37802,"date":"2023-04-29T18:31:50","date_gmt":"2023-04-29T18:31:50","guid":{"rendered":"https:\/\/www.africa-press.net\/mozambique\/?p=37802"},"modified":"2023-04-29T11:28:24","modified_gmt":"2023-04-29T11:28:24","slug":"microsoft-says-confidence-in-uk-severely-shaken","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/mozambique\/all-news\/microsoft-says-confidence-in-uk-severely-shaken","title":{"rendered":"Microsoft says confidence in UK ‘severely shaken\u2019"},"content":{"rendered":"

Africa-Press – Mozambique. <\/strong><\/span>Microsoft President Brad Smith has criticized the UK’s decision to block its purchase of US gaming company Activision, saying the European Union would be a more favorable location to start a business.<\/p>\n

The UK’s Competition and Markets Authority (CMA) on Wednesday blocked Microsoft’s planned acquisition of Activision Blizzard for \u00a355 billion (nearly $69 billion) due to concerns that it could result in reduced innovation and less choice for gamers in the rapidly growing cloud gaming industry.<\/p>\n

Speaking to the BBC, Smith said the move was detrimental to Britain and marked Microsoft’s “darkest day” in the country over its four-decade history there.<\/p>\n

“It does more than shake our confidence in the future of the opportunity to grow a technology business in Britain than we’ve ever confronted before,” he said.<\/p>\n

“People are shocked, people are disappointed, and people’s confidence in technology in the UK has been severely shaken.<\/p>\n

“There’s a clear message here — the European Union is a more attractive place to start a business than the UK.”<\/p>\n

However, the UK watchdog argued that it had to prioritize people’s interests over commercial interests when making decisions.<\/p>\n

Although regulators in the US and EU have not yet made a decision on whether to approve the deal, the CMS said “Activision is intertwined through different markets — it can’t be separated for the UK. So this decision blocks the deal from happening globally.”<\/p>\n

With its ownership of Xbox, the leading PC operating system (Windows), and a global cloud computing infrastructure (Azure and Xbox Cloud Gaming), Microsoft already controls an estimated 60%-70% of the global cloud gaming market.<\/p>\n

For More News And Analysis About Mozambique<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Mozambique. Microsoft President Brad Smith has criticized the UK’s decision to block its purchase of US gaming company Activision, saying the European Union would be a more favorable location to start a business. The UK’s Competition and Markets Authority (CMA) on Wednesday blocked Microsoft’s planned acquisition of Activision Blizzard for \u00a355 billion (nearly […]<\/p>\n","protected":false},"author":84,"featured_media":37801,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,9],"tags":[2327,2286,233,281,2326,2320,57,1096,283,448,2287],"class_list":["post-37802","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-miscellaneous","tag-activision","tag-activision-blizzard","tag-africa-press","tag-africa-press-mozambique","tag-brad-smith","tag-britain","tag-eu","tag-gaming","tag-mozambique","tag-uk","tag-uks-competition-and-markets-authority"],"yoast_head":"\nMicrosoft says confidence in UK 'severely shaken\u2019 - Mozambique<\/title>\n<meta name=\"description\" content=\"Microsoft President Brad Smith has criticized the UK's decision to block its purchase of US gaming company Activision, s ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/mozambique\/all-news\/microsoft-says-confidence-in-uk-severely-shaken\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Microsoft says confidence in UK 'severely shaken\u2019\" \/>\n<meta property=\"og:description\" content=\"Microsoft President Brad Smith has criticized the UK's decision to block its purchase of US gaming company Activision, s ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/mozambique\/all-news\/microsoft-says-confidence-in-uk-severely-shaken\" \/>\n<meta property=\"og:site_name\" content=\"Mozambique\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2023-04-29T18:31:50+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/mozambique\/sites\/64\/2023\/04\/postQueueImg_1682750576.44.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"864\" \/>\n\t<meta property=\"og:image:height\" content=\"486\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/microsoft-says-confidence-in-uk-severely-shaken#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/microsoft-says-confidence-in-uk-severely-shaken\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Microsoft says confidence in UK ‘severely shaken\u2019\",\"datePublished\":\"2023-04-29T18:31:50+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/microsoft-says-confidence-in-uk-severely-shaken\"},\"wordCount\":290,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/microsoft-says-confidence-in-uk-severely-shaken#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/mozambique\/sites\/64\/2023\/04\/postQueueImg_1682750576.44.jpg\",\"keywords\":[\"Activision\",\"Activision Blizzard\",\"Africa Press\",\"Africa Press-Mozambique\",\"Brad Smith\",\"Britain\",\"EU\",\"Gaming\",\"Mozambique\",\"UK\",\"UK's Competition and Markets Authority\"],\"articleSection\":[\"all news\",\"miscellaneous\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/mozambique\/all-news\/microsoft-says-confidence-in-uk-severely-shaken#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/microsoft-says-confidence-in-uk-severely-shaken\",\"url\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/microsoft-says-confidence-in-uk-severely-shaken\",\"name\":\"Microsoft says confidence in UK 'severely shaken\u2019 - 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