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.
Source – eurogamer.net
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