On Tuesday, Microsoft criticized Britain’s anti-trust regulator for its decision to block the company’s $69 billion takeover of Activision Blizzard, stating that it is a rare occurrence on a global scale.
According to Reuters, the CMA objected to the deal in April due to concerns over potential negative impacts on competition in the emerging cloud gaming market, leading to a heated dispute.
The appeal made by the company regarding the decision is expected to be heard at the Competition Appeal Tribunal (CAT) in late July, as indicated by a judge on Tuesday.
Related: Sony Calls UK’s Reversed Stance On Microsoft Activision Deal ‘Surprising & Irrational’
Microsoft’s lawyer Daniel Beard told the CAT: “If this process does not move forward quickly, it jeopardizes this merger being completed.”
Microsoft disagrees with the CMA’s conclusion that the deal would result in a significant decrease in competition in the UK’s cloud gaming market.
The merger has been approved by 10 regulators, including the European Union’s competition authority, which granted approval earlier this month, according to his statement.
Featured News
Biden Administration Supports Antitrust Suit Against FIFA
Mar 18, 2024 by
CPI
Apple in Talks to Incorporate Google’s Gemini AI Amid Antitrust Scrutiny
Mar 18, 2024 by
CPI
Appeals Court Revives Regeneron’s Antitrust Lawsuit Against Novartis Over Vision Treatment
Mar 18, 2024 by
CPI
Apple Responds to Criticism Over EU’s Digital Markets Act Compliance
Mar 18, 2024 by
CPI
Turkey Imposes Interim Measures on Meta Platforms
Mar 18, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Pricing Algorithms
Feb 28, 2024 by
CPI
Pricing Algorithms and Antitrust Enforcement: Sandboxes to the Rescue?
Feb 28, 2024 by
CPI
AI, Algorithmic Pricing, and Collusion
Feb 28, 2024 by
CPI
Competition & Collusion in a World of Algorithmic Pricing: Antitrust Risks & Enforcement Trends
Feb 28, 2024 by
CPI
Pricing Algorithms in Antitrust’s Sights?
Feb 28, 2024 by
CPI