In the standoff between Microsoft and the CMA and the FTC, the arguments of each other are now sealed and the two cases are now in the hands of judges since Microsoft has decided to go all the way. Its president said he was determined to find solutions, whatever they might be.
It is absolutely necessary to find solutions for everyone
To validate its acquisition of Activision Blizzard King, Microsoft seems to need the agreement of the FTC and the CMA, the competition regulatory authorities in the United States and the United Kingdom. It is for this reason that a legal battle begins this summer, and whose talks should run until 2024.
As we have detailed, Microsoft has appealed the CMA’s decision and would like a hearing as early as July. But the CMA is dragging its feet and says it needs more time to prepare its defense, considered quite weak by several analysts familiar with the video game market.
Anyway, Brad Smith continues the fight and it is at the microphone of CNN that the president of Microsoft has again mentioned the determination of his company to have the takeover approved.
We have an acquisition that we believe will bring more competition and more access to gaming for consumers globally.
That’s why we now have an agreement of almost 40 countries, representing more than 2 billion people.
And then there are regulators who have expressed concerns, and we understand that. We want to address these concerns
Brad Smith then congratulates himself on having been able to find a solution with the European Union so that the agreement can be approved in Europe. But he admits that there are still regulators who do not approve of the acquisition, and recalls that Microsoft is committed to finding a solution to all the problems raised.
I believe the solutions exist. And you can count on us to be creative and constructive. And to be determined to continue to find solutions that will get out of this crisis, and then make these benefits available to everyone.
#Activisionblizzard fog clearing ?
President Brad Smith sounding confident they can convince holdouts – US & UK. 👇🏻 pic.twitter.com/e2SoNtPmLx
— Julia Chatterley (@jchatterleyCNN) May 31, 2023