Microsoft Cleared to Buy Activision in US as UK Pauses Fight (1)

Microsoft Corp.moved two steps closer to finalizing its $69 billion bid for Activision Blizzard Inc., winning a court fight with US regulators as well as an unprecedented reconsideration from the UK for the largest gaming deal ever.

The UK Competition and Markets Authority, which had vetoed the deal in May, said it’s prepared to evaluate proposals from Microsoft and has agreed to a stay in the companies’ appeal before the Competition Appeal Tribunal.

“We stand ready to consider any proposals from Microsoft to restructure the transaction in a way that would address the concerns,” a CMA spokesman said, ...