UK competitors regulator extends Microsoft-Activision investigation by six weeks

The saga over whether or not regulators will enable Microsoft to purchase Activision Blizzard for $68.7 billion will final at the very least just a little longer. Citing inadequate time, the UK’s Competitors and Markets Authority (CMA) has given itself an additional six weeks to consider Microsoft’s “detailed and complex submission” arguing for the merger. The CMA will now present a choice by August twenty ninth, although it goals to take action earlier.

Microsoft first introduced its plan to purchase Activision Blizzard for $95 per share in January 2022. The CMA opened an investigation into the merger final fall, and, this April, it launched an inquiry report detailing the “substantial lessening of competitors” (SLC) in cloud gaming providers the UK may face if Microsoft proceeded with the acquisition. “The prohibition of the Merger could be the one efficient and proportionate treatment to the SLC and any opposed results which have resulted from, or could also be anticipated to outcome from, the SLC,” the regulatory agency stated

This newest improvement comes shortly after the CMA and Microsoft pressed pause on their legal battle in hopes of negotiating a compromise. “Whereas we in the end disagree with the CMA’s issues, we’re contemplating how the transaction is perhaps modified with a purpose to tackle these issues in a means that’s acceptable to the CMA,” Microsoft president Brad Smith shared in a July tweet

Decide Jacqueline Scott Corley additionally just lately denied the Federal Trade Commission’s (FTC) preliminary injunction in the US, which might’ve led Microsoft and Activision Blizzard to desert the deal. The FTC has since filed an appeal to the Ninth Circuit Courtroom of Appeals requesting a pause of the acquisition. 

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