Microsoft and the UK Competition and Markets Authority (CMA) have agreed to put the legal battle over the proposed acquisition of Activision Blizzard on hold to continue negotiations. Microsoft just won a separate ruling in US federal court against the Federal Trade Commission (FTC), and the CMA is the latest regulator to stop the Xbox maker from completing a $68.7 billion deal with Activision Blizzard.
“We stand ready to consider any proposal from Microsoft to restructure the deal in a way that addresses the issues outlined in our final report,” a Competition and Markets Authority (CMA) spokesman said in a statement. “To be able to prioritize work on these proposals, Microsoft and Activision have agreed with the CMA that it would be in the public interest to suspend the UK litigation, and all parties have filed a joint submission with the Competition Court of Appeal to do so.”
