In a recent announcement, Britain’s competition regulator revealed that it will not accept new remedies from Microsoft and Activision following the blockage of their merger. However, they have expressed their willingness to consider a restructured deal, which may prompt a fresh investigation. The Competition and Markets Authority (CMA), which halted the $69 billion deal in April, initially indicated that it would review new proposals after a U.S. court ruled in favor of the takeover.
According to the CMA, once a final report has been issued, merging parties are typically not allowed to propose new remedies. However, they can opt to restructure the deal, which would trigger a new merger investigation. Microsoft and Activision have shown interest in exploring how the transaction could be modified, and the CMA is open to engaging with them on this basis.
It is worth noting that Microsoft’s acquisition of the renowned “Call of Duty” maker is not only the tech giant’s largest deal ever but also the most significant in the history of the videogame industry.
Paul Sandle reports on this developing story, with writing contributions from Muvija M. Kate Holton oversees the editing process.
Credit: The Star : Tech Feed
