UK chancellor Jeremy Hunt has called upon the country's regulator to understand its 'wider responsibilities' to promote…
questions from MPs this week directed at bosses of the Competition and Markets Authority regarding the decisionBoth 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.
"I think one of the reasons companies like Microsoft and Google want to invest in the UK is because we have independent regulators that are not controlled by politicians and therefore they can be confident there will be a level playing field," Hunt continued. In particular, CMA chair Marcus Bokkerink faced repeated questions over whether the regulator considered the UK's international reputation when making such a seismic decision.
Ireland Latest News, Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
UK MPs grill regulator over Microsoft Activision Blizzard deal block, day after EU grants approvalUK MPs have grilled the CMA over its decision to block Microsoft's Activision Blizzard buyout, a day after Europe granted its approval
Read more »
Microsoft's Activision acquisition approved by the European CommissionIn an interesting turn of events, the European Union Commission has approved Microsoft's proposed takeover of Activision, despite the deal being blocked by the UK Competition & Markets Authority last month.
Read more »
Chancellor Jeremy Hunt: Office working should be defaultJeremy Hunt says while home working has benefits, he worries about a 'loss of creativity' for firms.
Read more »
Chancellor Jeremy Hunt: Office working should be defaultJeremy Hunt says while home working has benefits, he worries about a 'loss of creativity' for firms.
Read more »
CoD fans want Modern Warfare 3 delay, tell Activision to 'take a break'The impending release of Modern Warfare 3 has CoD fans abuzz with excitement as the new entry is reportedly releasing later on in the year.
Read more »
Microsoft president clarifies EU cloud agreement, popular games will be 'automatically' licensed to competitors and 'this will apply globally'It's all sunshine and lollipops from Microsoft as its quest to woo global regulators continues.
Read more »