The man who founded Tomb Raider claims that Microsoft’s offer to acquire Activision from the US was supported by the UK games industry
It would be “odd” if only the UK opposed, according to UK Games Workshop co-founder Sir Ian Livingstone.
The hindering of the arrangement by the UK controller incited an enraged reaction from Microsoft, with its leader saying the move was “terrible for England”.
The move by the UK prevents the multibillion-dollar deal from happening globally.
The anticipated $68.7 billion (£55 billion) acquisition by Microsoft would have given it ownership of well-known video games like World of Warcraft, Candy Crush Saga, and Call of Duty.
The deal has not been approved by regulators in the US or the EU yet; however, on Wednesday, the UK’s Competition and Markets Authority (CMA) blocked it, stating that it was concerned that the deal would reduce innovation and choice for gamers in the rapidly expanding cloud gaming industry.
Activision and Microsoft have both stated that they will challenge the CMA’s decision in court.
Brad Smith, the president of Microsoft, slammed the verdict hard on Thursday, telling the BBC that it was Microsoft’s “darkest day” in its four decades in the UK.
He said, “People are shocked, people are disappointed, and people’s confidence in technology has been severely shaken” in the UK. He also said that the European Union was a better place to start a business.
Mr. Smith’s claims were “not borne out by the facts,” according to Prime Minister Rishi Sunak’s spokesperson, who also noted that the UK games industry had doubled in size over the past ten years.
On the BBC’s Today program, Sir Ian, who is now a co-founder of the gaming investment firm Hiro Capita, stated: In my opinion, the UK games industry itself is in favor of proceeding.
He went on to say, “It would be odd if the UK was the only region to object to this acquisition in the future.”
“I would hope that they can sit down and possibly negotiate a settlement that might be in the interests of everyone over time,”
Sir Ian called the UK game industry “a great British success story” because it created some of the biggest franchises in the world, like Grand Theft Auto and Tomb Raider.
He continued, “It’s always been underserved by capital and recognition while overdelivering in content.”
“Any negative sentiment is not good for the industry or even the UK economy because this is a highly competitive market.”
The CMA is the first regulator to make a decision, but the Federal Trade Commission of the United States began a legal challenge to stop the takeover last year.
After Microsoft offered concessions to get the deal done, EU regulators delayed their decision in March.
“It’s somewhat surprising that they [the CMA] said no at this time,” Sir Ian said.
Enders Analysis senior games analyst Gareth Sutcliffe, on the other hand, stated that the agreement “has been in trouble for a while.”
He added, “simply didn’t do the necessary regulator outreach to get this deal over the line.” Microsoft, he said, for Uk games
About Sir Ian Livingstone
Sir Ian Livingstone is a British entrepreneur, investor, and philanthropist who is best known for co-founding the game development company Games Workshop in 1975, and for his involvement in the creation of the Fighting Fantasy gamebook series. He has also served as the chairman of the British video game developer Eidos Interactive, which is best known for creating the Tomb Raider series.
Livingstone has been a prominent figure in the UK games industry for several decades and has been involved in numerous initiatives aimed at promoting and supporting the sector. In recent years, he has been a vocal advocate for the development of the UK’s games industry and has worked with government officials and industry leaders to help establish the country as a global hub for game development and innovation.