The UK — which blocked the Microsoft-Activison deal — is ready to negotiate. Here’s what happens next
Publishing timestamp: 2023-07-12 09:12:38
Summary
The UK's competition regulator, the Competition and Markets Authority (CMA), has indicated that it is open to considering proposals from Microsoft to restructure its $69 billion acquisition of gaming giant Activision Blizzard. The CMA had previously blocked the deal in April due to concerns about competition in the cloud gaming market. The decision to relax its stance and enter negotiations with Microsoft has surprised many. Microsoft now has the opportunity to offer assurances to address the CMA's concerns and potentially reach a resolution.
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Keywords: gaming software, technology, microsoft corp, mergers and acquisitions, activision blizzard inc, internet, video games, business news,
Source: https://www.cnbc.com/2023/07/12/microsoft-activision-uk-cma-softens-stance-after-blocking-deal.html