Microsoft Holds ‘Productive’ Talks in Bid to Clear UK Hurdle (1)

Microsoft Corp. and British regulators have held “productive” talks on potential remedies the tech giant can offer as it seeks to clear the final hurdle to its $69 billion Activision Blizzard Inc. deal, a lawyer for the UK watchdog said.

Microsoft, Activision and the Competition and Markets Authority are seeking to persuade Britain’s antitrust tribunal to pause a challenge after the UK regulator opened the door to new negotiations. The offer for talks came after a legal breakthrough for Microsoft in the US that pushed the companies ever closer to clinching the deal.

Activision rose 2.9% to $92.64 at 10:53 ...