Microsoft follows up on a win against the US' FTC.
Microsoft has said it will pause efforts of an appeal against the UK’s Competition and Markets Authority (CMA) to negotiate regarding its planned acquisition of Activision Blizzard.
The move comes after Microsoft’s win against the US’ FTC concerning its planned $69 billion USD acquisition of Activision Blizzard.
“After today’s court decision in the U.S., our focus now turns back to the U.K.,” said Microsoft president Brad Smith.
“While we ultimately disagree with the CMA’s concerns, we are considering how the transaction might be modified in order to address those concerns in a way that is acceptable to the CMA,” Smith continued. “In order to prioritize work on these proposals, Microsoft and Activision have agreed with the CMA that a stay of the litigation in the UK would be in the public interest and the parties have made a joint submission to the Competition Appeal Tribunal to this effect.”
In a statement to The Verge, the CMA said it is “ready to consider any proposals from Microsoft to restructure the transaction in a way that would address the concerns set our in our Final Report.”
The CMA’s initial ruling had cloud-based gaming as its sticking point; it’s likely any negotiations will revolve around the feature.
We’ll keep you informed as the situation progresses.
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