The UK competition regulator has set a deadline of March 1, 2023 to publish its ruling on Microsoft’s proposed acquisition of Activision Blizzard
, given that the deal would see Microsoft gain ownership of the Call of Duty series.Phase two of the CMA’s investigation has seen it appoint an independent panel to scrutinise the deal in further detail and evaluate if it’s more likely than not to result in a substantial lessening of competition.
If the inquiry group finds that there is an anti-competitive outcome, it must “decide whether action should be taken by it, or by others, to remedy, mitigate or prevent the substantial lessening of competition” and if so, what action should be taken. Ultimately, the CMA has the authority to block mergers and acquisitions from being completed if what it determines to be appropriate action isn’t taken to address a lessening of competition.
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