UK regulator blocks Microsoft’s $68.7B acquisition of Activision Blizzard

The United Kingdom’s Competition and Markets Authority (CMA) regulatory agency voted to block Microsoft’s $68.7 billion acquisition of Activision Blizzard.

The CMA said it was concerned about the deal’s impact on competition in the cloud gaming market, where Microsoft has a product offering. It said it would likely lead to reduced innovation and less choice for gamers in the U.K.