Microsoft and Activision Blizzard announced that they reached an agreement with the Competition and Markets Authority (CMA) to return to negotiating a friendly way to approve the purchase of the creator of Call of Duty and Diablo.
The announcement was made by the president of Microsoft, Brad Smith, who mentioned that, despite their differences over the concerns of the British regulatory agency, both parties agree that the negotiation is in the public interest. Because of this, they filed a joint petition that will decide the case.
Our statement on the mutual request with the CMA for a pause of our appeal in the UK: pic.twitter.com/8Aky2IJjxS
— Brad Smith (@BradSmi) July 11, 2023
The hearing on the appeal involving the CMA after it blocked the acquisition was scheduled to start on July 28, but this news changes everything, with the situation potentially resolved before then.
The news comes at the same time that the Justice of the United States gave victory to Microsoft against the Federal Trade Commission (FTC), which had denied the request for an injunction to stop the purchase of Activision Blizzard.
Via TechRaptor
