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The boss of the European Commission has explained in detail why her agency approved Microsoft's $68.7bn Activision Blizzard deal - and why she thinks the UK was wrong to block it.
In a speech given yesterday, European Commission executive vice president Margrethe Vestager laid out the regulator's own "call of duty" to only block buyouts when really necessary.
"Merger control is by nature a forward-looking exercise," Vestager said. "But that power comes with challenges... And to make things even more complicated, for global deals many authorities are predicting the future, at the same time. Of course we cooperate, but disagreements sometimes happen. No less recently than last week, we cleared the Microsoft/Activision deal, while the CMA decided to block it."
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