Microsoft Holds ‘Productive’ Talks in Bid to Clear UK Hurdle
- Microsoft sees scope for remedy talks to conclude ‘swiftly’
- UK regulator left as outlier as Microsoft bids to close deal
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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.