Overview

• Microsoft's president, Brad Smith, has revised his criticism of the UK's Competition and Markets Authority (CMA), now calling it 'tough and fair'.
• The CMA initially blocked Microsoft's acquisition of gaming giant Activision Blizzard, causing Smith to label the UK as 'bad for business'.
• The deal was later approved after Microsoft agreed to restructure it, including spinning out certain rights related to cloud gaming.
• The acquisition of Activision Blizzard, the largest in gaming history, was controversial and faced regulatory scrutiny worldwide.
• Microsoft's commitment to invest £2.5bn in AI infrastructure in the UK over the next three years was also highlighted by Smith.