Having initially blocked the deal over fears it could alter the fledgling cloud gaming industry, the CMA has now officially approved Microsoft’s restructured deal having given it.
What just happened? Microsoft has cleared what appears to have been the final hurdle in its protracted $69 billion acquisition of Activision Blizzard. The UK’s Competition and Markets Authority (CMA) has given its approval for the deal to complete, just as the October 18 deadline loomed large.
Having initially blocked the deal over fears it could alter the fledgling cloud gaming industry, the CMA has now officially approved Microsoft’s restructured deal having given it the provisional green light last week. The altered version includes the transfer of cloud streaming rights for all current and new Activision Blizzard PC and console games released over the next 15 years to Ubisoft.
“The CMA has decided to give Microsoft Corporation (Microsoft) consent to acquire Activision Blizzard, Inc.
