The all-cash takeover would give the Xbox maker a leap into the mobile gaming sphere and 'play a key role in the development of metaverse platforms', according to Microsoft boss Satya Nadella
The Competition and Markets Authority said it will be engaging with its counterparts around the world"as appropriate" and will aim to issue a decision in its Phase 1 investigation after 40 working days, or 1 September.
At the end of the Phase 1 investigation the CMA will have decided whether the merger might harm competition - if this is the case then it will have to launch an in-depth Phase 2 assessment.Microsoft said that Activision CEO Bobby Kotick - who had even faced calls to quit from staff over his handling of the claims - would continue in the role.
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