After the harsh setback of the unexpected “NO” from the UK CMA (Competition and Markets Authority) to approve the purchase of Activision by Microsoft, the reaction was lamentation and ensure they would appeal the decision.
According to The Telegraph, Microsoft has signed up with Daniel Beard KCa very popular lawyer known for having defeated American giants such as Intel or Apple in litigation within the European Union.
Microsoft signing to appeal the “No” of the British CMA
The Redmond company will fight hard to revoke the initial decision of the CMA, the British organization that has considered that the purchase of Activision, Blizzard and King violates antitrust practices, especially in the field of cloud gaming.
For this, it has signed Daniel Beard KC, an expert lawyer in competition law who has already managed to turn around other verdicts of the European Union and who they hope will do the same so that the purchase of 68.7 billion dollars is approved. .
Sonada was the victory achieved by Daniel Beard in favor of Apple by winning the appeal against a demand from the European Union for 13 billion euros in taxes for fixing its taxes in Ireland, and also in favor of Intel for being considered a company that exercised its monopoly on the microchip market.
This appeal is very important for Microsoft, because if the European Union does not prosper in a few weeks, it could follow in the footsteps of the CMA and not approve the purchase agreement, something that the US Federal Trade Commission will rule on in August.
Brad Smith, Vice President and President of Microsoft, released a statement the same day the CMA ruling was announced announcing that he would appeal, and they are already being legally reinforced:
We remain fully committed to this acquisition and will appeal. The CMA decision rejects a pragmatic path to address competition concerns and discourages technological innovation and investment in the UK.
For its part, an Activision spokesperson commented that “The CMA report contradicts the UK’s ambitions to become an attractive country to build technology businesses. We will work aggressively with Microsoft to reverse this on appeal.”
2023-05-08 09:04:31
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