Microsoft Fights Back: Tech Giant Appeals UK's CMA Decision To Block The Activision Blizzard Deal
Portfolio Pulse from Franca Quarneti
Microsoft has appealed the UK's Competition and Markets Authority (CMA) decision to block its $69 billion acquisition of Activision Blizzard. The appeal was filed with the Competition Appeal Tribunal (CAT), and the judicial review process may last up to nine months. The European Union approved the transaction on May 15, while the US Federal Trade Commission (FTC) has filed a lawsuit to block the acquisition.
May 25, 2023 | 4:51 pm
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Activision Blizzard's $69 billion acquisition by Microsoft faces uncertainty as Microsoft appeals the UK CMA decision to block the deal.
The appeal process may take up to nine months, and the outcome is uncertain. The EU has approved the transaction, but the US FTC has filed a lawsuit to block it. This creates a complex legal situation that may not have a clear short-term impact on Activision Blizzard's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
Microsoft appeals the UK CMA decision to block its $69 billion acquisition of Activision Blizzard, facing a lengthy legal battle.
Microsoft's appeal of the CMA decision may take up to nine months, and the outcome is uncertain. The EU has approved the transaction, but the US FTC has filed a lawsuit to block it. This creates a complex legal situation that may not have a clear short-term impact on Microsoft's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100