Activision Blizzard CEO Bobby Kotick is expecting an “accelerated” appeals process after the company’s merger with Microsoft was blocked by the UK competition regulator. He has also called the ruling deeply flawed and “irrational”
“When you look at the facts and you look at what the opportunities are for the UK, this was a transaction that was only going to enhance opportunities for competition, for our players, for employees, and it was just a flawed ruling in every respect,” he claimed. “And what it demonstrated to us is that these regulators, they don’t really understand our business.”
“I think we and Microsoft and our barristers, who are exceptionally experienced at judicial review, think that there’s a way to accelerate the process, and that the conclusions were so flawed, that we should be able to get an accelerated result.” “If the appeal is successful it is then returned to the CMA to review which again will take some time. So, we could be looking towards the end of the year if everything goes in favour of Microsoft and Activision to close the deal.”Wedbush Morgan and Ampere Analysis weigh in on the CMA's decision to block the $69 billion merger
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