The chairman of Berkshire Hathaway Warren Buffett criticized the British government over the CMA (Competition and Markets Authority) decision to block the deal.
The CMA originally seemed to approve the impending merger of Activision-Blizzard by Microsoft. However the governmental body did an abrupt about face in just a few short weeks.
In their latest decision the CMA seemed to be concerned about the impact the merger would have on the “cloud gaming” market. This is a surprising thing to focus on given the conversation until now has largely been centered on console exclusives.
Buffett made his comments in the recent earnings call for Berkshire Hathaway, a multinational conglomerate that Buffett holds the position of chairman in.
Buffett was questioned about the merger due to Berkshire Hathaway’s “large stake” in Activision-Blizzard which could be affected by the deal.
Buffett went on to explain that he felt Microsoft has been “willing to cooperate” with regulators and placed the blame for the deal’s possible failure purely on organizations like the CMA.
He then ended his comments saying that “the British government is making a mistake”.
At present, the merger between Microsoft and Activision-Blizzard is in limbo. The deal has been constantly waylaid by competitors despite Microsoft’s vows to bring parity to different consoles as far as the popular franchise Call of Duty is concerned.