Microsoft, Activision and the UK’s Competition and Markets Authority have formally been granted additional time to resolve their dispute over the game companies’ anticipated merger
and the UK’s Competition and Markets Authority have formally been granted additional time to resolve their dispute over the game companies’ anticipated merger.Microsoft’s appeal against the CMA’s decision wasBut last week the parties said they had made a joint submission to the Competition Appeal Tribunal with a view to reaching an out of court agreement over the controversial merger.
And during a case management conference on Monday, CAT provisionally agreed to a two-month stay of the case after the CMA said it would consider a modified deal put forward by Microsoft,David Bailey, a lawyer representing the CMA, told the tribunal: “Based upon the discussion to date, both sides – Microsoft and the CMA – have confidence that Microsoft notifying a restructured transaction is capable of addressing the concerns that the CMA has identified.
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