On April 26, the United Kingdom's Competition and Markets Authority announced its intent to block the $68.7 billion acquisition of Activision Blizzard by Microsoft, the largest merger and acquisition deal ever in gaming. The regulating body argues that with franchises like Call of Duty in tow, Microsoft will take over the small-but-growing cloud gaming market. The deal's not dead, but how will the challenge in the U.K. affect its ability to close by July? Will Microsoft and Activision Blizzard push forward and dare regulators to sue them? Axios' reporter Stephen Totilo joins Jacob to discuss the monumental deal and the hurdles it will face moving forward.You can follow Stephen here.Learn more about your ad choices. Visit megaphone.fm/adchoices