Microsoft and UK regulators want more time to work on $69 billion Activision deal

Microsoft and British regulators sought more time from a court Monday as the U.S. tech company uses a rare second chance to overcome opposition to its $69 billion bid for video game maker Activision Blizzard. Lawyers for Microsoft and the Competition and Markets Authority on Monday tried to persuade a judge to delay an hearing planned after the CMA rejected the deal and Microsoft appealed. The regulator later gave Microsoft more time to make its case for the blockbuster deal to go through. The merger has already won approval in the European Union and a slew of countries but has faced opposition from antitrust regulators in Britain and the United States.