A UK regulator on Friday said a revised proposal from Microsoft 'opens the door' to clearing the $69 billion purchase.
The revision was designed to win favor with CMA, which had previously blocked the deal over concerns it would suppress competition in the cloud gaming market.The agency had set a deadline of Oct. 18 to review the new proposal; that is also the day an extended deadline for Microsoft’s merger with Activision is due to expire. The two companies first agreed to their deal in January 2022.
However, the CMA said it had identified "limited residual concerns" in the proposal, in that certain provisions could be circumvented, terminated, or not enforced. "We are encouraged by this positive development in the CMA’s review process," Brad Smith, Microsoft’s vice chair and president said.
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