Microsoft is seeking UK approval for the $69 billion acquisition of Activision Blizzard

President of Microsoft said he was looking for solutions to try to get UK approval for the acquisition “by the software giant for $69 billion (nearly Rs 5,71,730)”.call of duty” producer Activating blizzard.

UK competition authorities blocked the biggest-ever deal on the game in April, in a shock decision that Microsoft has appealed since. Chairman Brad Smith said he hoped the results could change.

“I’m looking for solutions,” Microsoft President Brad Smith said at the TechUK Technology Policy Leadership conference in London on Tuesday.

“If regulators have concerns, we want to address them. If there are problems, we want to address them. If the UK wants to impose regulatory requirements that go beyond those in the EU, We want to find a way to meet them.”

He declined to comment on any meetings with the UK government following the CMA’s veto of the deal which Smith had previously warned would shake confidence in the UK as a destination for businesses. technology.

The EU competition authorities approved the deal in May after they accepted the remedies offered by Microsoft were broadly comparable to those proposed by Microsoft in the UK.

Microsoft also appealed against the US Federal Trade Commission’s action to block the deal on the grounds that, the agency said, it would prevent competition.

Last month, Microsoft challenge Britain’s decision to block the takeover of Activision Blizzard cited “fundamental errors” in the evaluation of Microsoft’s cloud game services. The company confirmed it had filed an appeal against the ruling with the Court of Appeals for Competition (CAT).

It said the CMA’s conclusion that the deal would lead to a significant reduction in competition in the UK’s cloud gaming market was false, according to the summary.

The tech giant has also evaded a potential legal hurdle in the takeover process, as a US judge last month denied to allow players in private suits to preemptively prevent acquisitions.

© Thomson Reuters 2023

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