Microsoft-Activision sale was blocked by the U.K. Here’s what that means.

Both companies have been making their case to regulatory bodies around the world, including the U.S. Federal Trade Commission, for approval of the massive, landmark acquisition. Britain’s Competition and Markets Authority stated in its decision Wednesday that “the merger could make Microsoft even stronger in cloud gaming, stifling competition in this growing market.” Microsoft announced its intention to buy Activision Blizzard in January 2022.