UK regulator extends deadline for Microsoft-Activision probe by six weeks
Publishing timestamp: 2023-07-14 05:51:33
Summary
The U.K. Competition and Markets Authority has extended the deadline for its review of Microsoft's takeover of Activision Blizzard to August 29. The regulator has been opposed to the $69 billion purchase due to competition concerns in the cloud gaming market. The extension will allow the watchdog more time to review proposals from both parties to address these concerns. Microsoft and Activision may need to come up with new proposals, such as bolstered licensing deals or a potential spinoff of its cloud gaming business, to satisfy the regulator. The deal has also faced opposition in the U.S., but gained traction after a court ruling in favor of the companies.
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Keywords: activision blizzard inc, microsoft corp, breaking news: technology, london, united states, business news, technology, netflix inc,