The UK’s antitrust agency has agreed with Microsoft Corp. and Activision Blizzard Inc. to pause its ongoing London appeal after a US court decision to move forward with the deal.
“We stand ready to consider any proposals from Microsoft to restructure the transaction in a way that would address the concerns set out in our Final Report,” a spokesperson from the Competition and Markets Authority said Tuesday.
Microsoft was heading to an appeal trial at the Competition Appeal Tribunal against the Competition and Markets Authority’s decision to block the deal. The trial was due to kick off on July 28.
“In order to be able to prioritize work on these proposals, Microsoft and Activision have agreed with the CMA that a stay of litigation in the UK would be in the public interest and all parties have made a joint submission to the Competition Appeal Tribunal to this effect.”
Microsoft won approval from a US court to move forward with the deal, in a blow to the US Federal Trade Commission who was trying to block the largest ever gaming deal.
