Microsoft and UK regulators agree to pause legal fight to negotiate Activision acquisition
to buy Activision Blizzard at the end of April. At the time, the regulator argued the deal would harm the nascent cloud-gaming market by creating a monopoly player in Microsoft. It added, if the acquisition were to move forward as planned, Microsoft would have an"incentive to withhold [Activision Blizzard] games from competitors and substantially weaken competition in this important growing market.
" Microsoft had planned to challenge the decision, with a preliminary hearing before the Competition Appeal Tribunal , the body that hears appeals on CMA decisions, set for July 28th.
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