UK chancellor Jeremy Hunt has called upon the country’s regulator to understand its “wider responsibilities” to promote economic growth, following its recent block of Microsoft’s proposed $68.7bn Activision Blizzard buyout.
The remarks, reported by The Telegraph, follow questions from MPs this week directed at bosses of the Competition and Markets Authority regarding the decision which has scuppered Microsoft’s ambitions here in the UK – and potentially worldwide.
Both Microsoft and Activision have criticised the UK for disrupting the deal, and have labelled the country as being “bad for business” post-Brexit. The remarks come in stark contrast to the vision for the UK’s tech industry previously set out by Hunt and UK prime minister Rishi Sunak to become the “Silicon Valley” of Europe.
Source – eurogamer.net
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