Microsoft, Activision and CMA submit to stay litigation, Bloomberg reports

The United Kingdom’s Competition and Markets Authority says it “stands ready” to consider any proposals from Microsoft (MSFT) to restructure its proposed Activision Blizzard (ATVI) acquisition a way that would address the regulator’s concerns, Blomberg reports, citing an emailed statement. Microsoft, Activision and the Competition and Markets Authority have made a joint submission to the Competition Appeal Tribunal to stay litigation in the U.K., Bloomberg notes. The move follows U.S. Judge Jacqueline Scott Corley’s decision to grant Microsoft approval to move forward with its deal to buy Activision Blizzard, denying a Federal Trade Commission effort to block the deal. Shares of Activision are up 10% to $90.56 in midday trading.