A US watchdog has lost its latest bid to temporarily stop the technology giant's $69bn Activision takeover.
US competition watchdog, the Federal Trade Commission , has lost a new attempt to temporarily block Microsoft from completing its deal to buy the maker of Call of Duty.
The planned deal has faced a series of legal challenges in the US and split regulators around the world.However the UK regulator, the Competition and Markets Authority , has announced it is giving itself another six weeks beyond that deadline to consider the deal. But, after a judge in the US rejected the FTC's attempts to block the deal, the CMA announced on Wednesday it was "ready to consider any proposals from Microsoft to restructure the transaction".it needs until 29 August for a "full and proper consideration" of the "detailed and complex" submissions it has received from Microsoft, though it says it "aims to discharge its duty as soon as possible and in advance of this date.
It was the latest ruling in a long-running legal battle between Microsoft and the FTC over the planned takeover.Any outstanding regulatory issues would make it more likely that Microsoft and Activision would have to negotiate an extension to their planned completion date.
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Microsoft makes new deal to buy Call of Duty giantFirm makes fresh offer to acquire Activision after the UK competition watchdog rejected its first bid.
Read more »
Top Call Of Duty multiplayer designer leaves the series after 18 yearsDavid Vonderhaar has been with Treyarch for nearly two decades but has opted to jump to another company, to work on a secret new project.
Read more »
Microsoft DNS boo-boo breaks Hotmail around the globeALSO: NYC says kthxbye to TikTok, slain Microsoft exec's wife indicted, and some ASAP patch warnings
Read more »
OpenAI snaps up role-playing game dev as first acquisitionPlus: Bing AI hasn't helped Microsoft eat into Google Search, and more
Read more »
DF Weekly: Microsoft should make Xbox Expansion Cards cheaperIt's another DF Direct Weekly, this time on the eve of Gamescom 2023 as John Linneman, Alex Battaglia and Rich Leadbett…
Read more »
Fresh tragedy in Corrie as Billy makes a sad realisation about dying PaulThe changes keep on coming.
Read more »