The UK’s Competition and Markets Authority (CMA) has been a thorn in the side of Microsoft’s attempted $69 billion acquisition of Activision Blizzard. It was the first.
What just happened? Microsoft is taking drastic measures as it attempts to win approval from the UK’s anti-trust regulator to acquire Activision Blizzard. The Redmond giant has announced it will sell its streaming rights for current and new Activision Blizzard games to Ubisoft in the hope of addressing concerns about the impact of the proposed acquisition on cloud game streaming.
The UK’s Competition and Markets Authority (CMA) has been a thorn in the side of Microsoft’s attempted $69 billion acquisition of Activision Blizzard. It was the first regulator to block the deal and is the last opposed to the merger. The CMA has cited concerns about the cloud gaming sector, saying the buyout would damage competition in this market, leading to less innovation and choice for gamers.
In a post earlier today, Microsoft president Brad Smith wrote that the company would be restructuring the transaction to acquire a narrower set of rights.
