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Microsoft gets to appeal U.K. rejection of Activision deal at end of July

Clyde Edgerton by Clyde Edgerton
May 31, 2023
in Markets
Microsoft gets to appeal U.K. rejection of Activision deal at end of July
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Microsoft Corp. MSFT and Activision Blizzard Inc. ATVI towards the end of July will get to appeal the decision by U.K. antitrust regulators to block the tech giant’s $69 billion acquisition of the videogame publisher. Microsoft confirmed to MarketWatch earlier reports that the U.K.’s Competition and Markets Authority has tentatively scheduled appeal hearings during the weeks of July 24 and July 31. “The CMA’s decision is flawed for multiple reasons, including its overestimation of the role of cloud streaming in the gaming market and our position in it, as well as its unwillingness to consider solutions that received overwhelming…



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