CMA says Microsoft can table a restructured takeover offer for Activision
Microsoft Corp.
$437.90
06:10 26/12/24
-0.33%
-$1.43
The Competition and Markets Authority opened the door to a possible approval of Microsoft's takeover of videogame maker Activision Blizzard.
Dow Jones I.A.
43,297.85
04:30 15/10/20
n/a
n/a
Nasdaq 100
21,772.13
06:10 26/12/24
-0.12%
-25.52
Having blocked the deal last April, on Wednesday the UK regulator said it was open to a restructuring of the transaction that addressed its concerns.
Regulators said the purchase of Activision and its games catalogue could hurt competition.
They also dismissed a proposal by which Microsoft would make some game titles to other platforms.
However, CMA said the US outfit had the option to table a restructured deal.
That would initiate another review.
Some observers believed that the CMA was implicitly signalling that a revised deal might indeed get its approval.