The U.K.’s competition regulator on Friday said Microsoft’s restructured takeover proposal of Activision Blizzard, submitted in August, “opens the door to the deal being cleared.”
The U.K. Competition and Markets Authority had blocked the Redmond tech giant's initial $69 billion transaction, first put forward in January 2022, on concerns that it would restrict competition in the nascent cloud gaming sector.LONDON — The U.K.'s competition regulator on Friday said's restructured takeover proposal of Activision Blizzard, submitted in August,"opens the door to the deal being cleared.
Microsoft then proposed a new takeover deal, offering to divest cloud rights for existing Activision PC and console games — and for new games published by Activision over the next 15 years — to French game publisher Ubisoft Entertainment before the sale is completed.
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UK regulators likely to decide on Microsoft’s Activision Blizzard deal next week.The UK’s Competition and Markets Authority (CMA) is expected to issue a preliminary decision on Microsoft’s Activision Blizzard deal next week, a source familiar with the situation tells The Verge. It follows Microsoft restructuring its deal — after the CMA blocked it over cloud gaming concerns — to transfer cloud gaming rights for current and new Activision Blizzard games to Ubisoft. This preliminary decision will then be followed by a final one, due by October 18th. The UK is the final regulatory hurdle for Microsoft’s giant deal.
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Britain says may clear restructured Microsoft-Activision deal By ReutersBritain says may clear restructured Microsoft-Activision deal
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Britain says may clear restructured Microsoft-Activision dealMicrosoft's restructured acquisition of Activision Blizzard 'opens the door' to the deal being cleared, Britain's antitrust regulator said on Friday.
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