Microsoft Corp (MSFT) is appealing the decision by British regulators to block its $75 billion takeover of Activision Blizzard (ATVI). The appeal is expected to be lodged by the end of Wednesday. Microsoft has not yet responded to a Reuters request for comment.
The decision to block the takeover was made by the Competition and Markets Authority (CMA) in July, citing concerns that the deal would reduce competition in the gaming industry. The CMA argued that the merger would reduce the number of major players in the market, leading to higher prices and less choice for consumers.
The appeal is the latest development in the ongoing saga between Microsoft and the CMA. Microsoft has argued that the takeover would create a stronger gaming platform and provide more opportunities for gamers. It remains to be seen whether the appeal will be successful.