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I'm actually slightly more confident that CAT throws this back to CMA. A lot of these arguments fall under the "irrational" criteria I would say.

Microsoft's next move should be focusing 100% on EC and doing everything to get their approval. If EC rejects the deal then there is no coming back.

If they get EC approval though based on Cloud remedies and EC accepts the responsibility to monitor the remedies worldwide then it should do two things.

  • It removes CMA's justification for not wanting to monitor Behavioural Remedies.
  • It also further paints CMA's decision as "irrational" if another major regulator accept the proposals.

But ultimately CMA doesn't have to change their mind so...I can't believe we have another maybe year of this shit, Lol.