Microsoft has requested a pause in its appeal against the UK’s block on its $69 billion takeover of Activision Blizzard. The company is asking for more time to resolve the dispute. The Competition and Markets Authority (CMA) blocked the acquisition in April, citing concerns about competition in cloud gaming. The US Federal Trade Commission (FTC) also opposed the deal but recently suffered a setback when a federal court rejected its request to temporarily halt the acquisition. Typically, the CMA’s final report is binding, and companies cannot propose remedies after its publication. However, in light of the court ruling in the US, the CMA has agreed to consider a modified proposal. All parties involved have applied for a two-month pause in the case to have the opportunity to find a solution. Microsoft views the CMA as the main obstacle to the deal’s closure and believes that pausing the case will facilitate productive discussions. Judge Marcus Smith has expressed interest in hearing arguments regarding the legal basis for the CMA to consider a modified deal and whether the FTC’s defeat in the US was taken into account.
Denial of responsibility! TechCodex is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, and all materials to their authors. For any complaint, please reach us at – [email protected]. We will take necessary action within 24 hours.
Alex Smith is a writer and editor with over 10 years of experience. He has written extensively on a variety of topics, including technology, business, and personal finance. His work has been published in a number of magazines and newspapers, and he is also the author of two books. Alex is passionate about helping people learn and grow, and he believes that writing is a powerful tool for communication and understanding.
