“We stand ready to consider any proposals from Microsoft to restructure the transaction in a way that would address the concerns,” a CMA spokesman said, adding that Microsoft and Activision have agreed with the CMA that a stay of litigation in the UK “would be in the public interest” until all parties have submitted their offers.
Microsoft Corp. moved two steps closer to finalizing its US$69 billion ($92.49 billion) bid for Activision Blizzard Inc., winning a court fight with US regulators as well as an unprecedented reconsideration from the UK for the largest gaming deal ever.
The UK Competition and Markets Authority, which had vetoed the deal in May, said it’s prepared to evaluate proposals from Microsoft and has agreed to a stay in the companies’ appeal before the Competition Appeal Tribunal.
