UK CMA Pauses Microsoft Activision Appeal On FTC Court Loss (1)

The UK’s antitrust agency agreed with Microsoft Corp. and Activision Blizzard Inc. to pause their ongoing London appeal over the $69 billion merger just minutes after a US court decision to move forward with the deal.

“We stand ready to consider any proposals from Microsoft to restructure the transaction in a way that would address the concerns set out in our final report,” a spokesperson from the Competition and Markets Authority said Tuesday.

Microsoft was heading to an appeal trial at the Competition Appeal Tribunal against the Competition and Markets Authority’s decision to block the deal. The trial was due ...