The UK has increased its scrutiny of Microsoft's $68.7 

The UK has increased its scrutiny of Microsoft's $68.7 billion Activision acquisition due to antitrust concerns.

Microsoft's all-cash $68.7 billion acquisition of Activision Blizzard faces increased antitrust scrutiny in the United Kingdom

The country's market watchdog has just announced

It will launch an in-depth investigation unless the pair submit suitable proposals to address its concerns within the next few days.

In July, the Competition and Markets Authority (CMA) launched a formal investigation into the acquisition

Soliciting feedback on whether or not to proceed to a deeper, so-called Phase 2 investigation

It has now been determined that the transaction merits closer scrutiny

The belief that it could significantly reduce competition in gaming consoles

Microsoft and Activision have five working days to submit remedies to the CMA in order to avoid a more extensive investigation