Hunt urges competition chiefs to encourage growth after Microsoft deal blocked
Telegraph
23-05-17 15:01
UK Chancellor Jeremy Hunt has told competition chiefs they "must understand their wider responsibilities" following the regulator's move to block Microsoft's gaming mega-merger with Activision. Hunt spoke at the British Chambers of Commerce annual conference on Wednesday, saying the Competition and Markets Authority (CMA) should focus on encouraging investment, while maintaining independence from politicians. Microsoft and Activision have accused the UK of discouraging investment, while the CMA has defended its decision, pointing to an independent panel. Microsoft is appealing the decision.