UK regulator extends Microsoft-Activision deadline to Aug 29

LONDON: Britain’s competition regulator on Friday extended its final deadline on Microsoft’s $69 billion Activision Blizzard deal to Aug. 29 after its received a “detailed and complex” new proposal from Microsoft that claimed material changes in circumstance.

The Competition and Markets Authority (CMA) become the first major regulator to block the acquisition of the “Call of Duty” maker in April when it issued its final report.

Yet on Wednesday the CMA said a restructured deal between Microsoft and Activision could satisfy its concerns, subject to a new investigation.

On Friday it extended its deadline to either accept final undertakings or make a final order by six weeks to Aug. 29, although it said it would aim to do it as soon as possible and before that date.

The U.S. FTC on Thursday was still trying to halt the deal by asking the Ninth Circuit Court of Appeals for a “temporary pause” on the companies closing it. Reuters.

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