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

  • 📰 VGC_News
  • ⏱ Reading Time:
  • 33 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 51%

Nederland Nieuws Nieuws

Nederland Laatste Nieuws,Nederland Headlines

The UK’s Competition and Markets Authority has extended the deadline for its final decision on Microsoft’s proposed acquisition of Activision Blizzard by six weeks

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

Wij hebben dit nieuws samengevat zodat u het snel kunt lezen. Bent u geïnteresseerd in het nieuws, dan kunt u hier de volledige tekst lezen. Lees verder:

 /  🏆 125. in NL
 

Bedankt voor uw reactie. Uw reactie wordt na beoordeling gepubliceerd.

Nederland Laatste Nieuws, Nederland Headlines

Similar News:Je kunt ook nieuwsberichten lezen die vergelijkbaar zijn met deze die we uit andere nieuwsbronnen hebben verzameld.

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
Bron: VGC_News - 🏆 125. / 51 Lees verder »

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
Bron: VGC_News - 🏆 125. / 51 Lees verder »

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.
Bron: eurogamer - 🏆 68. / 61 Lees verder »