UK regulator extends Microsoft-Activision merger decision deadline by 6 weeks | VGC

The regulator had been scheduled to deliver its ruling on the $69 billion merger by July 18, but will now do so by August 29.

“The CMA considers that there is insufficient time remaining in the statutory period for full and proper consideration of Microsoft’s submission on the proposed Order,” the watchdog said. “As such, the Inquiry Group considers that there are special reasons to extend by six weeks… The revised period will therefore end on 29 August 2023.

“However, the Inquiry Group aims to discharge its duty as soon as possible and in advance of this date.”due to concerns about its impact on the nascent cloud gaming market. Microsoft had been scheduled to appeal the decision in a court case beginning on July 28, but earlier this week the

Switzerland Neuesten Nachrichten, Switzerland Schlagzeilen

Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.

Microsoft’s Activision deal could face a new merger investigation in the UK | VGCThe UK’s Competition and Markets Authority has warned it may need to carry out a fresh investigation into Microsoft’s planned merger with Activision Blizzard
Herkunft: VGC_News - 🏆 125. / 51 Weiterlesen »

Activision Blizzard to be removed from Nasdaq ahead of planned Microsoft merger | VGCActivision Blizzard will be delisted from the Nasdaq stock market index this weekend in preparation for its planned merger with Microsoft
Herkunft: VGC_News - 🏆 125. / 51 Weiterlesen »

CMA open to 'new merger investigation' if Microsoft restructures Activision Blizzard dealThe UK's Competition and Markets Authority (CMA) has suggested a 'new merger investigation' could be on the horizon.
Herkunft: eurogamer - 🏆 68. / 61 Weiterlesen »