UK watchdog wants deeper probe into Microsoft's $69-bln Activision deal

Microsoft logo is seen on a smartphone placed on displayed Activision Blizzard logo in this illustration taken January 18, 2022.

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com Register Sept 15 (Reuters) - Britain's antitrust watchdog said on Thursday it would go for an in-depth probe into Microsoft's (MSFT.

O) $69-billion purchase of "Call of Duty" maker Activision Blizzard (ATVI.

O) after the tech giant failed to offer remedies to soothe competition concerns.

The deal, which was announced in January, will require approval in the United States as well as other major jurisdictions including the European Union and China.

The CMA said earlier this month the takeover of the videogame publisher maker could hurt competition in gaming consoles, subscription services and cloud gaming if Microsoft refused to give competitors access to Activision's best-selling games.

read more Reuters previously reported that Microsoft would pay a $3 billion break-up fee if the deal falls through, according to a source familiar with the matter, suggesting the company was confident of winning antitrust approval.

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com Register Reporting by Radhika Anilkumar and Amna Karimi in Bengaluru; Editing by Vinay Dwivedi Our Standards: The Thomson Reuters Trust Principles.