| Ryuu96 said: Although Microsoft is expected to appeal the decision, many traders and analysts see the U.K. ruling as a deal-ender. "Essentially, there has never been a successful appeal in the UK on an antitrust decision," said Aaron Glick, a merger arbitrage strategist at TD Cowen. "There does not appear to be a path forward for Microsoft." Microsoft-Activision spread blows out on bets deal will collapse - BNN Bloomberg Wait, so, of those 33% of appeals that were sent back to CMA, they still kept their decision? Lmao. So basically, CMA has a 100% win rate. |
Like I said a few months ago, If this deal follows the same path, I think MS has ground to challenge UK constitutionally arguing the CMA mandate and unilateral power are disproportionate and highly subject to opinion and partisan ruling.
That said the deals would be done, but MS may ask for compensation for their expenses and loss revenue which would be quite staggering. If US companies are also disproportionately blocked by the CMA on such dubious ground I wonder if there's a possibility for the US government to create a similar challenge with the WTO.
