The saga over whether regulators will allow Microsoft to purchase Activision Blizzard for $68.7 billion will last at least a little longer. Citing insufficient time, the United Kingdom's Competition and Markets Authority (CMA) has given itself an additional six weeks to consider Microsoft's "detailed and complex submission" arguing for the merger. The CMA will now provide a decision by August 29th, though it aims to do so earlier.
Microsoft first announced its plan to buy Activision Blizzard for $95 per share in January 2022. The CMA opened an investigation into the merger last fall, and, this April, it released an inquiry report detailing the "substantial lessening of competition" (SLC) in cloud gaming services the UK could face if Microsoft proceeded with the purchase. "The prohibition of the Merger would be the only effective and proportionate remedy to the SLC and any adverse effects which have resulted from, or may be expected to result from, the SLC," the regulatory agency stated.
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