From The Verge: Microsoft president Brad Smith wasn’t happy with the UK’s Competition and Markets Authority (CMA) last year, after the regulator blocked Microsoft’s giant Activision Blizzard deal. Now that Microsoft has restructured its deal and won approval in the UK, Smith has kinder words for the CMA, describing the regulator as “tough and fair” in an interview with the BBC’s Radio 4 Today program.
Smith originally criticized the CMA and said confidence in the UK had been “severely shaken” after the regulator moved to block Microsoft’s $68.7 billion deal in April last year. He called it the “darkest day” for Microsoft in its four decades of working in Britain, and went a step further, saying “the European Union is a more attractive place to start a business” than the UK.
“I certainly learned a lot personally,” admitted Smith on Radio 4 yesterday. “I wouldn’t step back necessarily from all of the concerns I raised when I talked way back in April, but I might choose slightly different words to make my point.”
The CMA forced Microsoft to restructure its Activision Blizzard deal, giving up key cloud gaming rights in the UK and many other markets worldwide. “The CMA held to a tough standard and I respect that. In my view it was tough and fair,” added Smith. “It pushed Microsoft to change the acquisition that we had proposed for Activision Blizzard, to spin out certain rights that the CMA was concerned about with respect to cloud gaming.”
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