A new statement from the UK’s Competition and Markets Authority has revealed that a detailed regulatory inquiry into Microsoft’s proposed takeover of Activision Blizzard has been extended.
Chile joined Brazil and Saudi Arabia this week in approving the deal, but UK regulators appear to need additional time to conduct a second ongoing investigation. According to the Competitive Markets Authority’s (CMA) updated timetable, the final report will be published by April 26 instead of his original March 1 deadline.
UK regulators extend detailed investigation into Activision Blizzard
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Microsoft’s plan to acquire Activision Blizzard is at a tumultuous time, with many complications hanging over the likes of Call of Duty: Modern Warfare II, and Microsoft’s claim to one of Xbox’s best first-person shooter franchises. Whether owning one is anti-competitive. The US Federal Trade Commission is moving to block the deal, and Activision Blizzard says regulators are “blinded by complaints from competitors.” criticized.
Well, according to reports GamesIndustry.biz, the extension was granted due to the complexity of the investigation and the “large amount of evidence and submissions of the principal parties and third parties.” Although the deadline has been extended, the authors of the report hope to “complete the investigation as soon as possible and prior to this date.”
See what’s been published recently time tableThis will be followed by open hearings in March, after which the party conducting the investigation will issue a final report on whether to approve the transaction by April 26th.
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