Microsoft’s Brad Smith confirms submission to CAT to stay UK litigation

Microsoft (MSFT) Vice Chair and President Brad Smith said in a statement via Twitter that “After today’s court decision with 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 (ATVI) 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.”