Microsoft to Revise Activision Blizzard Acquisition in Bid to Address Regulatory Concerns

In a recent development, the UK's Competition and Markets Authority (CMA) has indicated its willingness to consider revised proposals from Microsoft regarding its acquisition of Activision Blizzard. This move comes after the CMA initially blocked the merger, citing concerns that need to be addressed. Microsoft is now exploring potential modifications to the deal in an effort to alleviate these concerns and secure approval. The CMA has emphasized that its decision to block the merger currently remains in place, and any revisions may necessitate an additional investigation. Microsoft and Activision Blizzard have agreed to pause their appeal, allowing for discussions on the proposed changes. The acquisition, valued at $68.7 billion, requires approval in the US, UK, and EU before it can proceed. The EU has already given its approval, while the US' Federal Trade Commission (FTC) has issued a legal challenge. The UK's CMA is now awaiting Microsoft's revised proposals, which may lead to a new merger investigation.