UK regulator clears way for Microsoft’s acquisition of Activision

The UK’s Competition and Markets Authority (CMA) has officially approved Microsoft’s $69 billion acquisition of gaming studio Activision Blizzard, clearing the way for the deal to be finalized.

The UK’s competition regulator originally blocked the deal but reversed its decision late last month after Microsoft submitted a restructured transaction for the CMA to review.

The remedies put forward by Microsoft included relinquishing control of cloud gaming rights for Activision’s content, removing its ability to limit access to Activision’s key content, or withholding those games from rivals. Furthermore, Microsoft proposed it will not purchase the cloud gaming rights held by Activision, which will instead be sold to an independent third party, Ubisoft, before the deal is completed.

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Source:: Computerworld