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Competition Appeal Tribunal

All articles tagged with #competition appeal tribunal

business2 years ago•1 min saved

"Uncertainty Surrounds Xbox's Activision Blizzard Merger as CAT Hearing Delays Closing"

The UK's Competition Appeal Tribunal has granted a two-month pause on Microsoft's appeal against the Competition Markets Authority (CMA), allowing both parties more time to negotiate. The CMA had previously blocked Microsoft's proposed acquisition of Activision Blizzard, citing concerns over cloud gaming monopolization. If the deal does not close by the deadline tomorrow, Microsoft may seek a temporary extension. The CMA has warned that a renegotiated deal could lead to a new investigation.

via IGN|

#activision-blizzard #business #cma

business2 years ago•1 min saved

"Microsoft and UK Request Temporary Halt in Activision Appeal"

Microsoft has requested a two-month pause of its appeal against the UK's block on its $69 billion takeover of Activision Blizzard, in order to allow more time for the parties to resolve the dispute. The Competition and Markets Authority (CMA) had blocked the acquisition in April, citing concerns about competition in cloud gaming. However, after a US federal court ruled in favor of the deal, the CMA said it would consider a modified proposal. All sides have applied for a pause in the case to explore potential solutions.

via Reuters|

#activision-blizzard #business #cloud-gaming

business2 years ago•1 min saved

Microsoft's appeal for Activision Blizzard deal block set for July showdown.

Microsoft's appeal against the UK Competition and Market Authority's decision to block its acquisition of Activision Blizzard will be heard in court in July. The case is set to be reviewed by the UK's Competition Appeal Tribunal. Microsoft is challenging the decision on five grounds. The controversial deal has been cleared in almost 40 countries, including the European Union and most recently in South Korea. However, it's also facing a legal challenge in the US, where the Federal Trade Commission has sued Microsoft in a bid to block the acquisition over competition concerns.

via Video Games Chronicle|

#activision-blizzard #business #cloud-gaming

business2 years ago•1 min saved

Microsoft hires lawyer to challenge UK regulator's merger block.

Microsoft has hired Daniel Beard KC, a lawyer known for defeating the EU regulator in competition cases, to appeal the UK regulator's decision to block its acquisition of Activision Blizzard. The UK's Competition and Markets Authority (CMA) prevented the deal from going ahead last month, citing concerns over its effect on competition in the cloud gaming market. Microsoft hopes Beard will be successful in appealing the CMA's decision, while the EU is also investigating the acquisition and is expected to make its decision within the next two weeks.

via Video Games Chronicle|

#activision-blizzard #business #competition-appeal-tribunal