With Microsoft winning the court case against the Federal Trade Commission (FTC) earlier today, company President Brad Smith is now focusing his attention on the United Kingdom’s Competition and Markets Authority (CMA). The regulatory body had prohibited the acquisition of interest of either company last May.
Here’s the full statement from Smith as posted via Twitter:
Our statement on the mutual request with the CMA for a pause of our appeal in the UK: pic.twitter.com/8Aky2IJjxS
— Brad Smith (@BradSmi) July 11, 2023
After today’s court decision in the U.S., our focus now turns back to the UK. While we ultimately disagree with the CMA’s concerns, we are considering how the transaction might be modified in order to address those concerns in a way that is acceptable to the CMA. In order to prioritize work on these proposals, Microsoft and Activision have agreed with the CMA that a stay of the litigation in the UK would be in the public interest and the parties have made a joint submission to the Competition Appeal Tribunal to this effect.
– Brad Smith, Vice Chair and President, Microsoft
Microsoft
Smith also made a statement on Twitter regarding Microsoft’s win against the FTC, claiming that the tech giant is “committed to working creatively and collaboratively to address regulatory concerns.”
F*CK MICROSOFT!!!