Microsoft's purchase of Activision Blizzard will face 'in-depth' UK investigation

Microsoft might want to abandon the hope of a speedy merger with Activision Blizzard. The UK's Competition and Markets Authority is referring the takeover for an "in-depth" (Phase 2, in CMA lingo) investigation. The regulator is still concerned the buyout could lead to a "substantial lessening" of competition in the country after launching a basic inquiry in July.