Microsoft scored a partial victory in its bid to acquire Activision Blizzard this week, with a US district court judge in the US paving the way for the deal to go through. However, the $68.7 billion merger is not signed and completed yet, and some key hurdles remain, including the status of the buyout in the UK.
Following Microsoft's partial victory in the US, company president Brad Smith said the company's focus now "turns back to the UK." He said Microsoft will now consider "how the transaction might be modified" in a way that is "acceptable to the CMA." Not only that, but Microsoft's appeal has been halted for the time being.
"Microsoft and Activision have agreed with the CMA that a stay of litigation in the UK would be in the public interest and the parties have made a joint submission to the Competition Appeal Tribunal to this effect," Smith said.
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