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Chagmon16- Posts : 1
Join date : 2023-09-24
Britain set to approve amended Microsoft-Activision deal
Sun Sep 24, 2023 9:43 pm
Microsoft’s proposed multibillion-dollar purchase of Activision Blizzard took a step closer to fruition on Friday as UK regulators said an amended version of the deal is likely to resolve their concerns over the acquisition.
In a statement, the UK Competition and Markets Authority (CMA) said that changes Microsoft (MSFT) put forward — involving the sale of Activision’s cloud gaming rights to Ubisoft, a competitor — could help ensure that the nascent cloud gaming industry remains competitive.
Microsoft (MSFT) announced the deal in early 2022, but it was blocked in April by the UK competition regulator.
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In a statement, the UK Competition and Markets Authority (CMA) said that changes Microsoft (MSFT) put forward — involving the sale of Activision’s cloud gaming rights to Ubisoft, a competitor — could help ensure that the nascent cloud gaming industry remains competitive.
Microsoft (MSFT) announced the deal in early 2022, but it was blocked in April by the UK competition regulator.
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