The Competition Appeal Tribunal ruled on Monday that the full hearing of Microsoft’s appeal should be adjourned. Read more at straitstimes.com.
LONDON - Microsoft’s appeal against Britain’s block on its US$69 billion takeover of Activision Blizzard was formally paused by a London tribunal on Monday, to give the parties more time to resolve the dispute.
The CMA in April became the first major regulator to block the acquisition of the “Call of Duty” maker, citing concerns about the impact on competition in cloud gaming. But last week, less than an hour after a U.S. federal court ruled the deal could go ahead, the CMA said it could look again at a modified proposal. It later said a restructured deal could satisfy its concerns subject to a new investigation.
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