CEO of Competition and Markets Authority tells MPs decision not to allow acquisition of Activision Blizzard based on ‘own analysis’
The UK’s competition watchdog has denied acting on the orders of the Federal Trade Commission in the US, as it defended itsSpeaking to MPs on the business and trade select committee, Sarah Cardell, the chief executive of the, said the body only acts on its own assessment of the validity of a merger.
She said a legal agreement allowed the CMA to discuss specifics with the European Commission but that such a waiver was not in place for the FTC, preventing “detailed conversations” in the latter stages of the merger inquiry.. The FTC has sued in an attempt to block it, throwing the ultimate decision to the courts.
Cardell and the chair of the CMA, Marcus Bokkerink, both vigorously denied accusations that the decision to block the deal had harmed the UK’s international reputation.
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