Microsoft appeals UK veto of Activision Blizzard takeover

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Microsoft appeals UK veto of Activision Blizzard takeover
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The US tech giant is inching closer to consummating the deal despite major regulatory hurdles.

By Leisha SantorelliMicrosoft is legally challenging the UK competition regulator's decision to block its $69bn takeover of video games giant Activision Blizzard.

"China's unconditional clearance of our acquisition of Activision Blizzard follows clearance decisions from jurisdictions such as the European Union and Japan, bringing the total to 37 countries representing more than two billion people," a Microsoft spokesperson emailed in a statement. Following the EC's approval, CMA chief executive Sarah Cardell said the regulator stood by its decision.

However the deal still faces significant hurdles from the US Federal Trade Commission over concerns the proposed deal violates anti-trust law.Microsoft recently won a legal reprieve in California after a US judge dismissed a private lawsuit brought by a group of video gamers aimed at blocking the deal.

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