Microsoft Battles UK Regulator Over Block on Acquisition
The American multinational technology company, Microsoft, is currently appealing against a decision by Britain's anti-trust regulator, the Competition and Markets Authority (CMA). In a shock move back in April, the CMA blocked Microsoft's $69 billion takeover deal, citing concerns over potential harm to competition in the emergent cloud gaming market.
Reaction to the Block and Gaming's Biggest Deal At Risk
The unexpected decision by the CMA placed the largest deal in gaming history in jeopardy and elicited a swift and sharp response from the involved companies. They have openly questioned Britain's commitment to providing a hospitable environment for tech firms.
Activision Blizzard Steps into the Legal Fray
"Call of Duty" creator Activision Blizzard has now been authorized to participate in Microsoft's ongoing appeal at the Competition Appeal Tribunal. This development means Activision can present its case to the tribunal during the anticipated hearing scheduled for next month.
Microsoft Labels CMA as a Global "Outlier"
In a preliminary hearing in May, Microsoft's lawyers labeled the CMA as a global "outlier" for its decision to block the Activision takeover. They pointed out that other regulators, including the European Union's competition authority, have approved the deal.
US Regulator's Stand and Microsoft's Response
Contrary to the EU, the US Federal Trade Commission has also blocked the deal, a decision that Microsoft is contesting. Earlier this week, Microsoft's President, Brad Smith, who met with Britain's finance minister, expressed the company's readiness to address regulators' concerns about the Activision acquisition.
