Microsoft’s acquisition of Activision Blizzard is now under the scrutiny of the UK antitrust regulator once again. An appeals court granted an adjournment, allowing Microsoft to present its arguments for the reconsideration of the UK’s block on the takeover. The Competition and Markets Authority (CMA) has reopened the file after initially blocking the $69 billion deal in April. The CMA is expected to reach a new provisional view on the restructured deal in the week starting August 7.
Microsoft has put forward several reasons why the deal should be approved. They highlight the binding commitments made to the European Union, which guarantee that Activision games can be streamed for the next ten years. Microsoft has also established agreements with Nvidia, Boosteroid, and Ubitus, and implemented a monitoring and enforcement regime. These actions address some of the CMA’s concerns. Furthermore, Microsoft argues that the terms of the CMA’s proposed block extend beyond the necessary measures to address cloud gaming concerns.
The CMA considers Microsoft’s recent licensing deal with Sony as irrelevant and immaterial to its decision on the deal. Meanwhile, the Competition Appeal Tribunal provisionally approved the adjournment, pending further submissions from all parties involved, before granting it on Friday.
© Thomson Reuters 2023
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