A US watchdog has lost its latest bid to temporarily stop the technology giant's $69bn Activision takeover.
US competition watchdog, the Federal Trade Commission , has lost a new attempt to temporarily block Microsoft from completing its deal to buy the maker of Call of Duty.
The planned deal has faced a series of legal challenges in the US and split regulators around the world.However the UK regulator, the Competition and Markets Authority , has announced it is giving itself another six weeks beyond that deadline to consider the deal. But, after a judge in the US rejected the FTC's attempts to block the deal, the CMA announced on Wednesday it was "ready to consider any proposals from Microsoft to restructure the transaction".it needs until 29 August for a "full and proper consideration" of the "detailed and complex" submissions it has received from Microsoft, though it says it "aims to discharge its duty as soon as possible and in advance of this date.
It was the latest ruling in a long-running legal battle between Microsoft and the FTC over the planned takeover.Any outstanding regulatory issues would make it more likely that Microsoft and Activision would have to negotiate an extension to their planned completion date.
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