Some observers have welcomed the ruling, arguing that regulators have allowed tech companies to amass too much power by scaling through acquisitions. “We feel that there has been over a decade of under-enforcement,” says Max von Thun, Europe director at think tank Open Markets, referring to past decisions to let Facebook merge with WhatsApp and Instagram. “Our concern would be that by having the Activision catalog, Microsoft would get an unchallengeable advantage in this market over other cloud gaming services.”
Others,…