Microsoft and UK regulators agree to pause their Activision battle to negotiate
Microsoft and the UK’s Competition and Markets Authority (CMA) have both agreed to pause their legal battle over the proposed Activision Blizzard acquisition in order to further negotiate. Microsoft has just won a separate ruling with a US federal court against the Federal Trade Commission (FTC), and the CMA is the last regulator preventing the Xbox maker from completing its $68.7 billion Activision Blizzard deal.
The UK regulator moved to block Microsoft’s proposed acquisition in April, and Microsoft was due to appeal that decision with a hearing set to start on July 28th. Microsoft has now agreed with the CMA to pause its appeal process to look at how the transaction could be modified to address the CMA’s cloud gaming concerns.
“After...