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Microsoft's Acquisition of Call of Duty Creator Gains Momentum

The Federal Trade Commission's effort to impede Microsoft from concluding their purchase of the creator of Call of Duty has failed. The technology colossus has proposed a purchase of Activision Blizzard worth an immense $69bn (£52.6bn) - the greatest acquisition of its kind within the gaming sector's annals. The arrangement has been confronted with many legal issues in America and even caused disagreement amongst global overseers. It is expected to be finished by 18 July. Despite the original deadline, the CMA in the UK has decided to take an extra six weeks to assess the agreement. The CMA had initially prevented the takeover, claiming it would impair competition in the budding cloud gaming market. Yet, after an American court denied the Federal Trade Commission's endeavors to obstruct the agreement, the CMA declared on Wednesday that it was "prepared to assess any suggestions from Microsoft regarding reorganizing the acquisition". The Commission has indicated that it requires until August 29th to properly analyze the "complicated" and "in-depth" documents submitted by Microsoft, but it hopes to complete the process ahead of this time. On Thursday evening, Federal District Judge Jacqueline Scott Corley denied an application from the FTC seeking to temporarily block attempts to finish the Microsoft-Activision merger. The latest judicial decision in the protracted legal conflict between Microsoft and the FTC with regard to the proposed takeover was rendered. The FTC has since requested another court to institute a "short-term delay" on the agreement. If there are any unresolved regulatory issues, Microsoft and Activision may have to agree on an extended completion date. In the absence of an agreement, either corporation would be able to terminate the arrangement. If Microsoft does not proceed with the acquisition, they would be responsible for remunerating Activision for up to $3bn. The BBC received no immediate response from Microsoft when asked for comment. On Monday of this week, Brad Smith, the president at Microsoft, declared his dissatisfaction with the Federal Trade Commission's decision to continue working on an evidentially weak case. Mr Smith declared that they would not permit any further attempts to impede their progress. Microsoft agreed to license the popular video game Call of Duty to competitors such as Nintendo for a period of 10 years, provided it was able to address the Federal Trade Commission's worries. EU regulators gave their sanction to the deal, confirming that Microsoft had sufficiently addressed their concerns related to competition.

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