UK Blocks Microsoft-Activision Gaming Deal, Biggest in Tech
Regulators worry that merger would stifle competition in growing cloud gaming market
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Regulators worry that merger would stifle competition in growing cloud gaming market
Microsoft said growth at its cloud business Azure was 27 per cent in the latest reported quarter
Microsoft beat estimates for quarterly revenue and profit, with the company saying that artificial intelligence products are helping stimulate sales.
Outcome of Microsoft's strong financial performance is likely to have a positive impact on the company's stock price and investor confidence.
The U.K. decision further dashes Microsoft’s hopes that a favorable outcome could help it resolve a lawsuit brought by the U.S. Federal Trade Commission.