The Competition and Markets Authority has pushed again its deadline for a ultimate resolution on Microsoft’s proposed $69 billion acquisition of Activision Blizzard.
The UK regulator was anticipated to ship a proper ruling blocking the deal on July 18, however the CMA has now prolonged this deadline to August 29 because the regulator has obtained a “detailed and sophisticated” proposal from Microsoft.
The UK Regulator has prolonged its deadline by six weeks
“The CMA considers that there’s inadequate time remaining within the statutory interval for full and correct consideration of Microsoft’s submission on the proposed Order,” the regulator stated. “As such, the Inquiry Group considers that there are particular causes to increase by six weeks. The revised interval will subsequently finish on August 29, 2023.
“However, the Inquiry Group goals to discharge its responsibility as quickly as attainable and upfront of this date.”
Shortly after Microsoft’s court docket win over the US Federal Trade Commission, Microsoft and the CMA introduced a pause in authorized proceedings to see how Microsoft might tackle the CMA’s considerations surrounding cloud gaming and get the deal throughout the road within the UK.
A brand new report from Bloomberg claims that Microsoft is contemplating promoting off its cloud-based market rights for video games within the UK to appease the CMA.
