Breakingviews - Microsoft-Activision deal not yet game on

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Breakingviews - Microsoft-Activision deal not yet game on
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Microsoft’s antitrust battle hasn’t reached the endgame yet. On Tuesday the $2.5 trillion technology giant won a US court case against the Federal Trade Commission, removing one barrier to closing its $69 billion acquisition of gaming company Activision Blizzard . Britain’s antitrust regulator also indicated it was open to new concessions, but the parties will have to renegotiate their deal and get it approved. Microsoft CEO Satya Nadella needs more time.

Britain's Competition and Markets Authority on July 12 said Microsoft and Activision Blizzard have indicated that they are considering restructuring the transactions that could trigger a fresh UK antitrust investigation.

A U.S. judge ruled on July 11 that Microsoft may go forward with its planned acquisition of video-game maker Activision Blizzard, dismissing antitrust enforcers' request for a preliminary injunction to temporarily stop the $69 billion deal. The FTC had originally asked the judge to stop the proposed deal, arguing it would give Microsoft, maker of the Xbox gaming console, exclusive access to Activision games including the best-selling "Call of Duty." The agency's concern was that the deal would potentially preclude the availability of those videogames on other platforms.

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