{"id":6532,"date":"2023-04-28T02:14:12","date_gmt":"2023-04-28T02:14:12","guid":{"rendered":"https:\/\/nft.runfyers.com\/index.php\/2023\/04\/28\/game-over-microsofts-massive-69-billion-metaverse-takeover-halted-by-uk-regulators\/"},"modified":"2023-04-28T02:14:12","modified_gmt":"2023-04-28T02:14:12","slug":"game-over-microsofts-massive-69-billion-metaverse-takeover-halted-by-uk-regulators","status":"publish","type":"post","link":"https:\/\/nft.runfyers.com\/index.php\/2023\/04\/28\/game-over-microsofts-massive-69-billion-metaverse-takeover-halted-by-uk-regulators\/","title":{"rendered":"Game Over: Microsoft&#8217;s Massive $69 Billion Metaverse Takeover Halted by UK Regulators"},"content":{"rendered":"<p><\/p>\n<div>\n<p>The UK Competition and Markets Authority (CMA) blocked the Microsoft <a href=\"https:\/\/nftevening.com\/metaverse-meaning-what-the-metaverse-is-and-why-you-should-care\/\" target=\"_blank\" rel=\"noopener\">metaverse<\/a>-related purchase of Activision Blizzard today. The giant company had been planning the acquisition since last year as a first step on its Metaverse-building journey. The move aims to address competition concerns, particularly in the cloud gaming marketplace. However, the decision has implications for the development of the virtual world. So, as Microsoft desperately tries to change CMA\u2019s decision, the Web3 community can\u2019t help but wonder what else the future holds for the metaverse.<\/p>\n<figure id=\"attachment_102921\" aria-describedby=\"caption-attachment-102921\" style=\"width: 1024px\" class=\"wp-caption alignnone\"><picture decoding=\"async\" class=\"wp-image-102921 size-full\"><source type=\"image\/webp\" data-lazy-srcset=\"https:\/\/nftevening.com\/wp-content\/uploads\/2023\/04\/microsoft-metaverse.jpg.webp 1024w, https:\/\/nftevening.com\/wp-content\/uploads\/2023\/04\/microsoft-metaverse-300x169.jpg.webp 300w, https:\/\/nftevening.com\/wp-content\/uploads\/2023\/04\/microsoft-metaverse-768x432.jpg.webp 768w, https:\/\/nftevening.com\/wp-content\/uploads\/2023\/04\/microsoft-metaverse-100x56.jpg.webp 100w, https:\/\/nftevening.com\/wp-content\/uploads\/2023\/04\/microsoft-metaverse-150x84.jpg.webp 150w, https:\/\/nftevening.com\/wp-content\/uploads\/2023\/04\/microsoft-metaverse-450x253.jpg.webp 450w\" srcset=\"data:image\/svg+xml,%3Csvg%20xmlns='http:\/\/www.w3.org\/2000\/svg'%20viewBox='0%200%201024%20576'%3E%3C\/svg%3E\" data-lazy-sizes=\"(max-width: 1024px) 100vw, 1024px\"\/>\n<\/picture>\n<noscript><picture decoding=\"async\" class=\"wp-image-102921 size-full\"><source type=\"image\/webp\" srcset=\"https:\/\/nftevening.com\/wp-content\/uploads\/2023\/04\/microsoft-metaverse.jpg.webp 1024w, https:\/\/nftevening.com\/wp-content\/uploads\/2023\/04\/microsoft-metaverse-300x169.jpg.webp 300w, https:\/\/nftevening.com\/wp-content\/uploads\/2023\/04\/microsoft-metaverse-768x432.jpg.webp 768w, https:\/\/nftevening.com\/wp-content\/uploads\/2023\/04\/microsoft-metaverse-100x56.jpg.webp 100w, https:\/\/nftevening.com\/wp-content\/uploads\/2023\/04\/microsoft-metaverse-150x84.jpg.webp 150w, https:\/\/nftevening.com\/wp-content\/uploads\/2023\/04\/microsoft-metaverse-450x253.jpg.webp 450w\" sizes=\"(max-width: 1024px) 100vw, 1024px\"\/><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/nftevening.com\/wp-content\/uploads\/2023\/04\/microsoft-metaverse.jpg\" alt=\"screenshot from a Microsoft metaverse Teams meeting\" width=\"1024\" height=\"576\" srcset=\"https:\/\/nftevening.com\/wp-content\/uploads\/2023\/04\/microsoft-metaverse.jpg 1024w, https:\/\/nftevening.com\/wp-content\/uploads\/2023\/04\/microsoft-metaverse-300x169.jpg 300w, https:\/\/nftevening.com\/wp-content\/uploads\/2023\/04\/microsoft-metaverse-768x432.jpg 768w, https:\/\/nftevening.com\/wp-content\/uploads\/2023\/04\/microsoft-metaverse-100x56.jpg 100w, https:\/\/nftevening.com\/wp-content\/uploads\/2023\/04\/microsoft-metaverse-150x84.jpg 150w, https:\/\/nftevening.com\/wp-content\/uploads\/2023\/04\/microsoft-metaverse-450x253.jpg 450w\" sizes=\"(max-width: 1024px) 100vw, 1024px\"\/>\n<\/picture>\n<\/noscript><figcaption id=\"caption-attachment-102921\" class=\"wp-caption-text\">The giant company had been planning the acquisition since last year as a first step on its Metaverse-building journey<\/figcaption><\/figure>\n<p>Credit: Microsoft<\/p>\n<h2><span id=\"Why_Did_the_CMA_Block_Microsofts_Purchase_of_Activision_Blizzard\">Why Did the CMA Block Microsoft\u2019s Purchase of Activision Blizzard?<\/span><\/h2>\n<p>The CMA\u2019s decision to block the acquisition stems from concerns that Microsoft\u2019s ownership of Activision Blizzard could harm competition in the cloud gaming market. To clarify, cloud gaming is also known as\u00a0gaming on demand, gaming-as-a-service or game streaming. It is a type of online gaming that runs video games on remote servers. Then, it \u00a0streams them directly to a user\u2019s device. So, users are playing a game remotely from a cloud.<\/p>\n<p>CMA believes that Microsoft\u2019s ownership of <a href=\"https:\/\/www.activisionblizzard.com\" target=\"_blank\" rel=\"noopener\">Blizzard<\/a> could harm this market.\u00a0The authority argues that Microsoft might leverage its position to exclusively release popular games (like Call of Duty) on its own Games Pass platform. This would, of course, be restricting competition. Additionally, the CMA worries that the acquisition could undermine innovation in the cloud gaming sector.<\/p>\n<h2><span id=\"How_Did_Microsoft_Respond\">How Did Microsoft Respond?<\/span><\/h2>\n<p>Microsoft, disappointed by the CMA\u2019s decision, aims to address competition concerns. It will do this by proposing cross-distribution agreements with rival publishers such as Sony, Nintendo, and Nvidia. These agreements would ensure that games like Call of Duty remain available on each company\u2019s storefront. Therefore alleviating concerns about exclusivity. Furthermore, Microsoft Vice Chair and President Brad Smith expressed commitment to appealing the decision, emphasizing the potential negative impact on technological innovation and investment in the UK.<\/p>\n<p>\u00a0<\/p>\n<figure id=\"attachment_102920\" aria-describedby=\"caption-attachment-102920\" style=\"width: 1200px\" class=\"wp-caption aligncenter\"><picture decoding=\"async\" class=\"wp-image-102920 size-full\"><source type=\"image\/webp\" data-lazy-srcset=\"https:\/\/nftevening.com\/wp-content\/uploads\/2023\/04\/microsoft-halted-metaverse-scaled.jpg.webp 1200w, https:\/\/nftevening.com\/wp-content\/uploads\/2023\/04\/microsoft-halted-metaverse-300x188.jpg.webp 300w, https:\/\/nftevening.com\/wp-content\/uploads\/2023\/04\/microsoft-halted-metaverse-768x481.jpg.webp 768w, https:\/\/nftevening.com\/wp-content\/uploads\/2023\/04\/microsoft-halted-metaverse-89x56.jpg.webp 89w, https:\/\/nftevening.com\/wp-content\/uploads\/2023\/04\/microsoft-halted-metaverse-150x94.jpg.webp 150w, https:\/\/nftevening.com\/wp-content\/uploads\/2023\/04\/microsoft-halted-metaverse-450x282.jpg.webp 450w\" srcset=\"data:image\/svg+xml,%3Csvg%20xmlns='http:\/\/www.w3.org\/2000\/svg'%20viewBox='0%200%201200%20752'%3E%3C\/svg%3E\" data-lazy-sizes=\"(max-width: 1200px) 100vw, 1200px\"\/><img loading=\"lazy\" decoding=\"async\" src=\"data:image\/svg+xml,%3Csvg%20xmlns='http:\/\/www.w3.org\/2000\/svg'%20viewBox='0%200%201200%20752'%3E%3C\/svg%3E\" alt=\"image of a building with the official Microsoft logo on it\" width=\"1200\" height=\"752\" data-lazy-srcset=\"https:\/\/nftevening.com\/wp-content\/uploads\/2023\/04\/microsoft-halted-metaverse-scaled.jpg 1200w, https:\/\/nftevening.com\/wp-content\/uploads\/2023\/04\/microsoft-halted-metaverse-300x188.jpg 300w, https:\/\/nftevening.com\/wp-content\/uploads\/2023\/04\/microsoft-halted-metaverse-1024x641.jpg 1024w, https:\/\/nftevening.com\/wp-content\/uploads\/2023\/04\/microsoft-halted-metaverse-768x481.jpg 768w, https:\/\/nftevening.com\/wp-content\/uploads\/2023\/04\/microsoft-halted-metaverse-89x56.jpg 89w, https:\/\/nftevening.com\/wp-content\/uploads\/2023\/04\/microsoft-halted-metaverse-150x94.jpg 150w, https:\/\/nftevening.com\/wp-content\/uploads\/2023\/04\/microsoft-halted-metaverse-450x282.jpg 450w\" data-lazy-sizes=\"(max-width: 1200px) 100vw, 1200px\" data-lazy-src=\"https:\/\/nftevening.com\/wp-content\/uploads\/2023\/04\/microsoft-halted-metaverse-scaled.jpg\"\/>\n<\/picture>\n<noscript><picture decoding=\"async\" class=\"wp-image-102920 size-full\"><source type=\"image\/webp\" srcset=\"https:\/\/nftevening.com\/wp-content\/uploads\/2023\/04\/microsoft-halted-metaverse-scaled.jpg.webp 1200w, https:\/\/nftevening.com\/wp-content\/uploads\/2023\/04\/microsoft-halted-metaverse-300x188.jpg.webp 300w, https:\/\/nftevening.com\/wp-content\/uploads\/2023\/04\/microsoft-halted-metaverse-768x481.jpg.webp 768w, https:\/\/nftevening.com\/wp-content\/uploads\/2023\/04\/microsoft-halted-metaverse-89x56.jpg.webp 89w, https:\/\/nftevening.com\/wp-content\/uploads\/2023\/04\/microsoft-halted-metaverse-150x94.jpg.webp 150w, https:\/\/nftevening.com\/wp-content\/uploads\/2023\/04\/microsoft-halted-metaverse-450x282.jpg.webp 450w\" sizes=\"(max-width: 1200px) 100vw, 1200px\"\/><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/nftevening.com\/wp-content\/uploads\/2023\/04\/microsoft-halted-metaverse-scaled.jpg\" alt=\"image of a building with the official Microsoft logo on it\" width=\"1200\" height=\"752\" srcset=\"https:\/\/nftevening.com\/wp-content\/uploads\/2023\/04\/microsoft-halted-metaverse-scaled.jpg 1200w, https:\/\/nftevening.com\/wp-content\/uploads\/2023\/04\/microsoft-halted-metaverse-300x188.jpg 300w, https:\/\/nftevening.com\/wp-content\/uploads\/2023\/04\/microsoft-halted-metaverse-1024x641.jpg 1024w, https:\/\/nftevening.com\/wp-content\/uploads\/2023\/04\/microsoft-halted-metaverse-768x481.jpg 768w, https:\/\/nftevening.com\/wp-content\/uploads\/2023\/04\/microsoft-halted-metaverse-89x56.jpg 89w, https:\/\/nftevening.com\/wp-content\/uploads\/2023\/04\/microsoft-halted-metaverse-150x94.jpg 150w, https:\/\/nftevening.com\/wp-content\/uploads\/2023\/04\/microsoft-halted-metaverse-450x282.jpg 450w\" sizes=\"(max-width: 1200px) 100vw, 1200px\"\/>\n<\/picture>\n<\/noscript><figcaption id=\"caption-attachment-102920\" class=\"wp-caption-text\">Microsoft gave up on its Metaverse Dreams<\/figcaption><\/figure>\n<h2><span id=\"The_Future_of_the_Microsoft_Metaverse\">The Future of the Microsoft Metaverse<\/span><\/h2>\n<p>While the CMA\u2019s decision primarily revolves around the gaming market, it also has implications for the development of the Metaverse. The acquisition of Activision Blizzard by Microsoft would have provided the necessary resources to create immersive experiences within the Metaverse.<\/p>\n<p>The proposed acquisition aligned with Microsoft\u2019s strategy to invest in high-quality content, community building, and cloud opportunities to develop immersive gaming platforms. Phil Spencer, CEO of Microsoft Gaming, emphasized the potential for gamers to play their favorite titles virtually anywhere they want. Finally, while Microsoft plans to appeal the decision, the outcome may influence the future of gaming and virtual reality experiences.<\/p>\n<p>\u00a0<\/p>\n<p><iframe loading=\"lazy\" src=\"https:\/\/nftevening.com\/game-over-microsofts-massive-69-billion-metaverse-takeover-halted-by-uk-regulators\/about:blank\" data-test-id=\"beehiiv-embed\" width=\"100%\" height=\"320\" frameborder=\"0\" scrolling=\"no\" style=\"border-radius: 4px; border: 2px solid #e5e7eb; margin: 0; background-color: transparent;\" data-rocket-lazyload=\"fitvidscompatible\" data-lazy-src=\"https:\/\/embeds.beehiiv.com\/37fed65e-f01c-4c4c-b8f1-1b71da0be0a4\"><\/iframe><noscript><iframe loading=\"lazy\" src=\"https:\/\/embeds.beehiiv.com\/37fed65e-f01c-4c4c-b8f1-1b71da0be0a4\" data-test-id=\"beehiiv-embed\" width=\"100%\" height=\"320\" frameborder=\"0\" scrolling=\"no\" style=\"border-radius: 4px; border: 2px solid #e5e7eb; margin: 0; background-color: transparent;\"><\/iframe><\/noscript><\/p>\n<div class=\"bottom-text__wrapper post-content\">\n<p>\u00a0<\/p>\n<hr\/>\n<p><em>All investment\/financial opinions expressed by NFTevening.com are not recommendations.<\/em><\/p>\n<p><em>This article is educational material.<\/em><\/p>\n<p><em>As always, make your own research prior to making any kind of investment.<\/em><\/p>\n<\/div>\n<\/div>\n<p><a href=\"https:\/\/nftevening.com\/game-over-microsofts-massive-69-billion-metaverse-takeover-halted-by-uk-regulators\/\" target=\"_blank\" rel=\"noopener\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The UK Competition and Markets Authority (CMA) blocked the Microsoft metaverse-related purchase of Activision Blizzard today. The giant company had been planning the acquisition since last year as a first step on its Metaverse-building journey. The move aims to address competition concerns, particularly in the cloud gaming marketplace. However, the decision has implications for the [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":6533,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[9],"tags":[21],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/nftevening.com\/wp-content\/uploads\/2023\/04\/microsoft-metaverse.jpg","jetpack_sharing_enabled":true,"jetpack_likes_enabled":true,"_links":{"self":[{"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/posts\/6532"}],"collection":[{"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/comments?post=6532"}],"version-history":[{"count":0,"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/posts\/6532\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/media\/6533"}],"wp:attachment":[{"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/media?parent=6532"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/categories?post=6532"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/tags?post=6532"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}