"Microsoft granted extension to resolve Activision deal issues with UK regulator"

Microsoft, Activision Blizzard, and the UK's Competition and Markets Authority (CMA) have been granted additional time to resolve their dispute over the proposed merger. The CMA had previously blocked the $69 billion deal due to concerns about its impact on the cloud gaming market. Microsoft has appealed the decision and submitted a modified deal, which the CMA is considering. The parties have agreed to pause legal proceedings in hopes of reaching an out-of-court agreement. The CMA has extended the deadline for its final decision on the deal to August 29. Microsoft may sell some of its UK cloud gaming rights to secure regulatory approval.