UK Regulatory Body Extending Investigation into Microsoft’s Acquisition of Activision Blizzard by Eight Weeks
In the latest episode of various regulatory bodies taking a closer look at Microsoft’s bid to acquire Activision Blizzard, the UK’s Competition and Markets Authority has announced it will extend its investigation into the deal.
According to GamesIndustry.biz, the CMA has announced that its investigation will be extended in large part because of how complex the case has become. The CMA needs time to process “a large amount of evidence, as well as submissions from main parties and third parties.”
As a result of this extension, the regulatory body has announced that it will need an additional eight weeks to process the evidence. While the CMA is trying to complete its report as soon as it can, it has set a deadline of April 26 for its report.
“In making this decision, the investigative group had considered the scope and complexity of the investigation and the need to consider a large amount of evidence, as well as the submissions of the main parties and third parties, and the need to allow sufficient time to take full time. an appropriate account of the comments that will be received in response to the conditional findings of the Investigation Group in due course, and to arrive at a fully reasoned final decision within the statutory timeframe,” said the CMA.
Alongside the CMA, the agreement between Microsoft and Activision Blizzard is also under scrutiny from other regulatory bodies, including the European Commission, and the US Federal Trade Commission, which recently revealed that there have been no significant settlement negotiations between the company and the FTC. .