Microsoft is reportedly exploring ways to proceed with its acquisition of Activision Blizzard, even if the UK’s Competition and Markets Authority (CMA) blocks the deal. In a recent report by MLex, the tech giant has hired lawyers to determine the consequences of leaving the UK, in case the CMA refuses to approve the acquisition. Microsoft is said to offer the CMA the same commitments that were presented to the European Commission and fight against the authority’s veto in court. Microsoft is committed to advancing the appeals process in the UK and finding solutions to regulatory issues.
The acquisition, estimated at $70 billion, is a significant move by Microsoft to expand its gaming business and compete with other players in the industry. Analyst Florian Müller commented on the report, stating that it is common for companies to explore every possible way to complete such a large acquisition. Müller also noted that closing the CMA or spinning off the UK may not be the best option, but it’s still better than blowing the deal.
The appeal to the checkpoint referred to by Müller is expected to start on July 24, 2023. In the meantime, Microsoft is reportedly looking for ways to maximize its chances of successfully completing the acquisition. The tech giant’s CEO, Satya Nadella, declined to comment further on the report and opted to “wait until everything is revealed.”
Overall, Microsoft’s determination to acquire Activision Blizzard is evident, and the company is exploring every possible avenue to make it a reality. The gaming industry is a crucial market for Microsoft, and the acquisition of Activision Blizzard would strengthen its position in the industry. How the CMA rules on the case remains to be seen, but Microsoft’s actions demonstrate its commitment to exploring all options to close the deal.
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