Microsoft’s acquisition of Activision Blizzard will not be finalized this week.
Microsoft's acquisition of Activision Blizzard will not be finalized this week.
Microsoft’s Acquisition of Activision Blizzard Faces Temporary Setback
Well, folks, it looks like Microsoft’s grand plans to acquire Activision Blizzard might not be going exactly according to plan. The United Kingdom’s Competition Appeal Tribunal has thrown a spanner in the works by pausing the legal proceedings, delaying the eagerly anticipated merger. Looks like the Xbox fans will have to hold their breath a little longer!
Now, we all know Microsoft has been pulling out all the stops to make this acquisition happen, especially after their recent triumph in the Federal Trade Commission lawsuit. The offer to buy Activision Blizzard for a mind-boggling $68.7 billion was made back in January. If this deal does go through, it will be the biggest purchase of its kind. But, and there’s always a but, there are still plenty of legal hurdles for Microsoft to jump, one of which is the pesky issue in the UK.
Wait for it. Brace yourself. A UK judge has decided to pause the appeal process between Microsoft and the Competition Markets Authority. And guess how long that pause is expected to last? Two whole months! Yep, we all need some patience therapy now. During this time, more negotiations will be taking place, extending the trial beyond the original start date of July 28. It seems the CMA is open to renegotiating the terms of this mega deal, as they initially saw cloud gaming monopolization as a potential issue.
Oh, the drama! It was the CMA that caused all this trouble in the first place by blocking Microsoft’s acquisition of Activision Blizzard. But fear not, dear gamers, Xbox’s parent company appealed this decision, and that’s where we are now. The original merger deadline of July 18 has come and gone, but Microsoft is fighting tooth and nail to push this deal through, even if it means calling for an extension. There’s no conclusive end in sight as the legal wrangling continues behind the scenes.
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Now here’s something interesting. PlayStation and Microsoft have already come to terms for Call of Duty following the potential merger, and with the recent victory in the FTC lawsuit. Negotiations are happening left and right, leading to possible compromises. The trial, which was all set to begin in July, has been delayed. Looks like we might have to wait till August, or who knows when! The CMA’s challenge is one of the biggest roadblocks left for Microsoft, but once this UK trial is concluded, things might start moving at warp speed.
In the words of Donald Duck, “hurry up and wait!” So, let’s keep our fingers crossed, my fellow gamers, and hope that this rollercoaster ride finally comes to an end soon. We can’t wait to see how this mega-deal unfolds!
Source: GameTopic
