Microsoft and the UK’s Competition and Markets Authority have been formally granted two months to reach a new agreement…
Microsoft and the UK’s Competition and Markets Authority have been formally granted two months to reach a new agreement following a joint request to the Competition Appeal Tribunal.
The CMA officially blocked Microsoft’s proposed $69BN acquisition of Activision Blizzard back in April, highlighting concerns relating to the fledgling cloud gaming sector and arguing the deal would risk « stifling competition in this growing market ».
However, following the US Federal Trade Commission’s failure to secure a temporarily halt on the deal in court last week, the CMA indicated it would be open to a « new merger investigation » if Microsoft was willing to restructure its Activision Blizzard deal.
