Microsoft Granted a Two-Month Pause of UK Appeal Over Its $69 Billion Takeover of Activision

Microsoft’s appeal against Britain’s block on its $69 billion takeover of Activision Blizzard was formally paused by a London tribunal on Monday, to give the parties more time to resolve the dispute.

Microsoft, Activision and Britain’s competition regulator, the Competition and Markets Authority (CMA), had all asked for a two-month stay of the case after the CMA said it would consider a modified deal put forward by Microsoft.

The Competition Appeal Tribunal (CAT) ruled on Monday that the full hearing of Microsoft’s appeal, which was due to begin on July 28, should be adjourned.

Read the source article at Reuters