Ryuu96 said:
Yes. CMA wants the deal blocked. CAT doesn't look into the decision itself, they only look into whether the CMA acted irrationally, broke the law or broke procedure. In addition, no new evidence can be submitted to CAT, they only look into what was already submitted. Microsoft can't offer CMA anything new unless CAT throws it back to CMA. Irrationality is their only course and it's an extremely high bar. Even IF (and it's a massive if), CAT throws it back to CMA, they'll find another reason to block the deal. The only extreme long-shot they have is ring-fencing but CMA have already stated they are acting as a global regulator so they'll want anything Microsoft does structurally to apply worldwide. Deal is dead. |
The CMA cannot act as the global regulator. That gives the CMA way to much power. As you stated, what can they stand on if the Cloud SLC no longer an issue. It would be a huge overreach to try and then bring up something which was not part of the original decision.
