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Microsoft (Nasdaq: MSFT) and Activision (Nasdaq: ATVI) are evaluating the sale of some of their cloud gaming rights in the UK in order to appease the antitrust regulator who opposes the deal.
A potential solution would include selling the rights to the cloud-based marketplace for video games in the UK to an internet-based telecommunications, gaming or computing company, according to a bloomberg report, which cited people familiar with the matter.
Activision (ATVI) and Microsoft (MSFT) both believe a $69 billion deal could still be closed by Tuesday’s closing deadline, according to the report.
The report comes after a federal judge late Thursday denied the FTC’s request to temporarily block the collection as the regulator challenged an earlier decision that allowed the deal to proceed.
Following a pause in UK litigation requested by the two companies and the UK Competition and Markets Authority earlier this week, Microsoft (MSFT) will still need to secure acceptable compensation from the CMA to obtain the UK regulatory green light.
Microsoft (NASDAQ:MSFT) is offering a small liquidation procedure to meet the UK antitrust regulator’s objections to the planned Activision (ATVI) deal, CNBC’s David Faber said Tuesday. Microsoft (MSFT) is offering a “small, separate” divestment to the CMA that it believes the regulator will accept.
