LONDON :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),
LONDON :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.
Judge Marcus Smith said he was willing to adjourn next week's hearing if the CMA provided set out why it considers there has been a material change in circumstances or special reason justifying its adjournment application. The U.S. Federal Trade Commission has also opposed the tie-up, but suffered a major defeat last week when a federal court rejected the FTC's application to temporarily halt the deal.
All sides applied for a two-month pause of the case at the CAT, which the CMA's lawyers said in court filings will"allow the CMA and the parties to engage swiftly and constructively in relation to Microsoft's proposals".
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