Ryuu96 said:
It absolutely does matter if CMA blocks the deal, Lol. If they block the deal then it's either...
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I also did entertain the idea MS could just pull out of the UK market upon a negative decision as this deal amount to many times the revenue from UK Xbox gets. However since MS his making the deal and not Xbox the move would be prohibitively drastic.
There's also another avenue I believe MS can try which is challenging the UK government constitutionally. MS could challenge the CMA mandate in itself rather than the decision it renders. It could try to argue that the procedure and non-oversight of the body have allowed them to make decision that disregard the actual legality of a proposed merger, and base said decision on along partisan line or personal view which also leave the body vulnerable to lobbying. If MS were to take this route the deal would likely be already dead though but could ask compensation to the UK government for any arm done to MS which would be a staggering amount here and they would likely be join in their fight by other entity like Meta.