UK appeals court sets Monday for hearing on Microsoft-Activision deal
Kevork Djansezian/Getty Images News
A UK appeals court has set Monday for a hearing to consider requests by the UK's antitrust regulator and Microsoft (NASDAQ:MSFT)'s to adjourn the proceeding as the parties discuss the Activision (NASDAQ:ATVI) deal. Activision (ATVI) rose 2.2%.
The Competition Appeal Tribunal set Monday as the date for the case management conference, according to a listing on the tribunal's website on Friday.
"A CMC has been listed for 17 July 2023 to consider the application made jointly by all parties to adjourn these proceedings pending further discussions between the CMA and Microsoft," according to the website. 
The hearing comes ahead of Tuesday's termination deadline for Microsoft's $69 billion acquisition of Activision, where parties can decide to walk, extend, or renegotiate the mega videogame deal.
 The update comes after the CMA said on Wednesday that it "stands ready" to consider any proposals from Microsoft to restructure its deal in a way that assuages its concerns.
Late Thursday Bloomberg reported that Microsoft (MSFT) and Activision (ATVI) are evaluating selling some of their cloud-gaming rights in the UK in order to appease the UK regulator. A potential resolution may involve selling off the cloud-based market rights for videogames in the UK to a telecom, gaming, or internet-based computing firm.
Separately on Friday the CMA extended a deadline for a final order on the Activision (ATVI) deal until Aug. 29. The CMA issued its initial order to block the videogame megadeal on April 26 and had a deadline of July 18 to issue its final report on the deal. The CMA said that it still "aims to discharge its duty as soon as possible and in advance" of the Aug. 29 date.
More on the Microsoft/Activision deal

Judge denies FTC request to temporarily block Activision sale to Microsoft
Activision drops amid report that UK may need to do a new probe of Microsoft deal
Activision CEO says highly unlikely appeals court would grant a stay in Microsoft case
Microsoft gets 'trophy moment' with Activision court win: Wedbush
Activision downgraded at Raymond James as Microsoft deal likely to close soon
Microsoft offers to make small divestiture to meet UK objections on Activision - CNBC