The U.K. Competition & Markets Authority (CMA) has pushed back its deadline for its final report on Microsoft’s acquisition of Activision Blizzard by nearly two months, as reported by Video Games Chronicle. The report will now be published by April 26th instead of the previous deadline of March 1st. The regulatory agency has stated, however, that it “aims to complete the inquiry as soon as possible and in advance of this date.”
Back in September 2022 the CMA began the second phase of its investigation of the $68 billion deal. Chairman of the inquiry group Martin Coleman said of the decision to delay the final report deadline,
In taking this decision, the Inquiry Group had regard to the scope and complexity of the investigation and the need to consider a large volume of evidence as well as main party and third party submissions, the necessity to allow sufficient time to take full and proper account of comments that will be received in response to the Inquiry Group’s provisional findings in due course and to reach a fully reasoned final decision in the statutory timeframe.”
The European Commission is also conducting a second investigation phase into the deal, and in the United States the FTC has filed a lawsuit to halt the acquisition.
Via Dual Shockers.
