By Kyle Morris

 

The U.K.'s Competition and Markets Authority said Thursday that it has decided to refer Microsoft Corp.'s $75 billion acquisition of Activision Blizzard Inc. for a phase 2 investigation after Microsoft informed the regulator that it wouldn't be offering any undertakings.

On Sept. 1, the regulator decided that the merger might result in a substantial lessening of competition in the U.K.

On Jan. 18, Microsoft agreed to buy Activision Blizzard Inc. in an all-cash deal.

 

Write to Kyle Morris at kyle.morris@dowjones.com

 

(END) Dow Jones Newswires

September 15, 2022 07:34 ET (11:34 GMT)

Copyright (c) 2022 Dow Jones & Company, Inc.
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