When the UK’s Competition and Markets Authority decided to take a stand against Microsoft Activision’s $68.7 billion takeover of Blizzard King, it prevented the deal from going through in the UK.
That retrial is due to start on July 28, and the CMA has been pushing for the case to be adjourned to October, although the Competition Appeal Tribunal in England has decided to stop this from happening. The CMA blocked the attempt The hearing should be adjourned.
Specifically the CAT states: “This material is significant and there is a lot for any new lawyer to digest, but we expect that a month will allow enough time for this to happen – especially if the CMA selects lawyers with sufficient reserves. Available within the CMA and its existing pool of lawyers. Q&A: This is the CMA’s Sufficient time must be allowed to ensure that the claim is properly processed.”
That means that regardless of whether or not the CMA has had a chance to prepare a convincing case, a retrial will begin at the end of next month to decide whether the UK approves the mega-merger or continues to block it.
With Microsoft’s mega deal blocked in the back of the UK, do you think the end result will reverse or stay the same?
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