The UK’s competition watchdog has paused legal proceedings with Microsoft and Activision Blizzard with a view to reaching an agreement over the game companies’ proposed merger, after the $69 billion deal was cleared in the United States on Tuesday
The announcement follows the news that Microsoft has been cleared to acquire Activision Blizzard in the United States after“We stand ready to consider any proposals from Microsoft to restructure the transaction in a way that would address the concerns set out in our Final Report,” a CMA spokesperson said.have agreed with the CMA that a stay of litigation in the UK would be in the public interest and all parties have made a joint submission to the Competition Appeal Tribunal to this effect.
In April, the CMA said it was preventing the $69 billion deal from going ahead due to concerns about its impact on the nascent cloud gaming market. It claimed its decision
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