On 8 March 2021, the European Commission unconditionally cleared Microsoft’s $7.5bn acquisition of ZeniMax (publisher of video games including the Fallout and The Elder Scrolls series). The Commission considered and rejected horizontal theories of harm in games publishing and non-horizontal theories of harm arising from Microsoft’s Xbox console. CRA advised the Parties.
CRA engagements win in 2024 GCR Awards
The high-profile acquisition of Activision by Microsoft, which CRA Competition’s teams advised on was named overall Matter of the Year, as well as Matter of...