Microsoft and CMA Granted Additional Two Months to Resolve Activision Blizzard Acquisition

The UK's Competition Appeal Tribunal was originally set to begin proceedings around Microsoft's appeal later this month.

Posted By | On 18th, Jul. 2023

Microsoft Activision Blizzard

Microsoft has been given the green light to close its proposed $69 billion acquisition of Activision Blizzard in the US, which is edging ever closer to completion, with the UK being the last major market where the deal is still being held up after the Competition and Markets Authority (CMA) blocked the acquisition in April.

Recently, however, it was announced that Microsoft and CMA had suspended litigation and started negotations regarding the deal, while shortly afterward, the UK regulatory body announced that it had pushed the deadling for its final decision on the acquisition back until August 29.

Now, as reported by Reuters, the UK’s Competition Appeal Tribunal (CAT) has also granted a two month extension, allowing a stay on legal proceedings in order to allow Microsoft and the CMA to resolve any issues surrounding the deal. Legal proceedings for Microsoft’s appeal against the CMA’s block were originally set to kick off on July 28.

The CMA said last week that the acquisition might still face a new merger investigation once Microsoft puts forward a restructured deal in front of the regulatory body. Previously, reports have claimed that Microsoft has considered completely withdrawing Activision Blizzard from the UK in order to work around the CMA’s block.


Amazing Articles You Might Want To Check Out!

Share Your Thoughts Below  (Always follow our comments policy!)



Keep On Reading!

Dark Souls 3 Remastered is in Development – Rumor

Dark Souls 3 Remastered is in Development – Rumor

Launched in 2016 for Xbox One, PS4, and PC, the acclaimed Souls-like is allegedly getting the remaster treatme...

Marvel Rivals Will Launch With 60-Tick Rate Servers and Region Selection

Marvel Rivals Will Launch With 60-Tick Rate Servers and Region Selection

The free-to-play title will have a server node selector to choose multiple servers when matchmaking, thus redu...

Stellar Blade’s NieR: Automata DLC Isn’t Free, Shift Up Confirms

Stellar Blade’s NieR: Automata DLC Isn’t Free, Shift Up Confirms

The 11 new cosmetics require payment, but everything else coming on November 20th, including Photo Mode poses ...

Xbox Boss Says He Doesn’t Want “Manipulative” Expansions

Xbox Boss Says He Doesn’t Want “Manipulative” Expansions

"I don't want it to be, like, the third level that you cut before you launched," says Microsoft Gaming CEO Phi...

Payday 3 Will See “Significantly Lower Level of Investment” from Starbreeze Going Forward

Payday 3 Will See “Significantly Lower Level of Investment” from Starbreeze Going Forward

Things continue to go from bad to worst for the failed multiplayer first-person shooter, with Starbreeze lower...

Half-Life 2: Episode 3 – New Footage Showcased in 20th Anniversary Documentary

Half-Life 2: Episode 3 – New Footage Showcased in 20th Anniversary Documentary

New footage in a development documentary for Half-Life 2 showcases a weapon called the Ice Gun for the cancell...