Microsoft is reportedly considering selling some of its UK cloud gaming rights in a bid to gain regulatory approval for its $69 billion Activision Blizzard acquisition
Microsoft wants to complete the transaction before the current merger agreement expires on July 18, after which Activision Blizzard could walk away with a $3 billion termination fee if an extension isn’t agreed.
In a research note to investors this week, Wedbush Securities analysts Nick McKay and Michael Pachter predicted Microsoft will make cloud gaming concessions in the UK that enable it to complete the deal before next week’s deadline. “We believe Microsoft can carve out Game Pass UK PLC as a separate operating subsidiary with an independent board charged with keepingcontent off the Game Pass platform pending the conclusion of Microsoft’s appeal of the CMA decision,” they wrote. “This would likely satisfy the CMA, and the deal should close by next Tuesday.”
While the regulator has said it’s ready to consider a restructured deal proposal, it has also warned that this process may require it toEarlier this week Microsoft won a court battle with the Federal Trade Commission which cleared a path for it to complete the acquisition in the US. The FTC, which is also seeking to block the deal over antitrust concerns,
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
The FTC is reportedly leaning towards appealing its Microsoft - Activision loss | VGCA judge ruled that the FTC failed to prove that the merger could harm competition…
Weiterlesen »
Microsoft’s Activision deal could face a new merger investigation in the UK | VGCThe UK’s Competition and Markets Authority has warned it may need to carry out a fresh investigation into Microsoft’s planned merger with Activision Blizzard
Weiterlesen »
Microsoft ‘disappointed’ as FTC officially files appeal on Activision Blizzard ruling | VGCMicrosoft has said it’s “disappointed” after The FTC officially filed an appeal against a US court’s decision to allow its Activision Blizzard deal to proceed.
Weiterlesen »
Activision Blizzard to be removed from Nasdaq ahead of planned Microsoft merger | VGCActivision Blizzard will be delisted from the Nasdaq stock market index this weekend in preparation for its planned merger with Microsoft
Weiterlesen »
Microsoft-Activision ruling represents setback for FTC chair Lina Khan\n\t\t\tExclusive scoops\n\t\t\tSmart data to help spot risk and opportunity\n\t\t\tAnalysis of broader trends in M&A\n\t\t\tLex, our agenda-setting business commentary (Premium only)\n\t\t\tDue Diligence, an exclusive M&A newsletter (Premium only)\n\t\t
Weiterlesen »
CMA open to 'new merger investigation' if Microsoft restructures Activision Blizzard dealThe UK's Competition and Markets Authority (CMA) has suggested a 'new merger investigation' could be on the horizon.
Weiterlesen »