Microsoft is considering ending the acquisition of Activision-Blizzard without a UK license!

Rounding the Internet is a new report from medium firm MLex that specializes in issues related to stock markets and regulators around the world. Specifically, according to his exclusive sources, the Microsoft She hired more lawyers, and tasked him with finding out ways to complete its massive acquisition of Activision Blizzard, even after it was banned by the UK Capital Markets Authority.

Microsoft is said to be considering even extreme options, such as moving Activision Blizzard out of the UK to some other country in the European Union. This means that it will be outside the jurisdiction of the CMA and its games will be released on this market through an agent.

This possibility was also mentioned by the highly reliable media outlet Bloomberg, which brought other information to the public. In particular, he revealed that next week the head of Microsoft, Brad Smith, will meet with the British Chancellor of the Exchequer, Jeremy Hunt.

Microsoft chief Brad Smith is meeting with British consultant Jeremy Hunt next week to express his frustration with Britain’s veto of the $69 billion acquisition of Activision. https://t.co/X5cHqct0y6

– Bloomberg UK June 2, 2023

If you are unfamiliar with political terminology, this is a very senior member of the UK government. He is practically the head of the Ministry of Finance and reports to the country’s prime minister.

Recently, following a veto from Microsoft, Hunt stressed that while regulators are independent, they must take into account growth and investment in the country, leaving tips to the CMA’s decision.

The Microsoft chairman is expected to express his displeasure with the decision and assure Hunt of the benefits the acquisition will bring to gamers. The UK’s decision to block the merger runs counter to the EU’s approval of the deal, which Smith believes shows the EU is a more favorable business environment than the UK. Secret discussions will take place between Smith, Hunt and other officials during London Technology Week.

For the record, Microsoft has already begun the legal process of appeal, and a hearing is scheduled for the week of July 24th. It remains to be seen whether it will wait until then or complete the acquisition, ignoring the CMA’s “no”.

Of course, you can follow Unboxholics.com for any new developments.

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