To get to know the pig. On the one hand, we hear how Microsoft and Activision Blizzard are trying to reach an agreement with the UK Competition and Markets Authority (CMA). The company is even said to be considering selling part of its cloud business in the UK. On the other hand, there is a warning from the CMA about a possible new acquisition investigation.
As if that wasn’t enough CMA once again delays final decision on Microsoft’s historic $68.7 billion acquisition of Activision Blizzard until August 29, 2023.. The previous deadline was 18 July. The reason for the postponement is the complexity of the settlement proposal. Microsoft has submitted a detailed and comprehensive proposal to change the circumstances. The Regulator considers that there is not enough time within the statutory period for a thorough assessment. So he extended the deadline by six weeks.
On Tuesday, when the Federal Trade Commission’s (FTC) proposal to temporarily suspend the acquisition was rejected in the US, Microsoft began to turn its attention back to Europe, respectively, to the UK. Shortly thereafter, the parties agreed to suspend the proceedings in order to re-negotiate. According to the CMA at the time it was early stage negotiations.
Source: bethesdaMicrosoft estimated sales of Starfield and Indiana Jones on PS5. How much exclusivity will he lose?
The question is what exactly does that mean. Microsoft was hoping to get a green light in the UK today, possibly Monday or Tuesday. Microsoft must complete the merger with Activision Blizzard by 7/18/2023.. If this does not happen, both parties may drop the connection. In addition, Microsoft must pay a $3 billion fine. Unless, of course, Microsoft and Activision Blizzard agree on an extension.
Last good news. Last night, Judge Jacqueline Scott Corley denied for the second time the FTC’s request for a preliminary injunction that would bar Microsoft from buying Activision Blizzard pending an appeals court ruling. The temporary ban issued in June expires today at 23:59 local time. (for us on Saturday morning).
Meanwhile Microsoft’s Activision Blizzard deal approved by Turkey. It became the 40th country to green-light Xbox’s partnership with publisher Call of Duty.
Today, Türkiye unconditionally approved our merger with Microsoft.
Now another country has come up with a thoughtful solution that protects consumers and competition, rather than the entrenched dominance of the market leader.
— Lulu Cheng Meservey (@lulumeservey) July 13, 2023
Source :Indian TV
