2023-05-24 13:24:09 ET
- Microsoft ( NASDAQ: MSFT ) formally filed its appeal to the UK antitrust regulator's decision to block its planned $69 billion acquisition of Activision.
- Microsoft filed its appeal at the Competition Appeal Tribunal on Wednesday, according to media reports, including Bloomberg. Wednesday was the deadline for the company to make the appeal.
- The appeal comes after the UK antitrust regulator sued late last month to block the deal , citing concerns about cloud gaming. The U.S. Federal Trade Commission als o sued to block the $95 a share deal for Activision in December , with a trial scheduled to start in August.
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Activision (NASDAQ: NASDAQ: ATVI ) CEO Bobby Kotick said late last month that the UK antitrust regulator 's decision to block the videogame giant's sale to Microsoft ( MSFT ) was a "flawed ruling in every respect."
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Last Monday, the planned $69 billion videogame megadeal received antitrust approval from European regulators.
For further details see:
Microsoft appeals UK decision to block Activision acquisition - reports