Britain’s top competition watchdog gave the green light to Microsoft’s proposed $69 billion takeover of gaming firm Activision Blizzard Friday.
Microsoft first proposed the acquisition of Activision Blizzard in January 2022 but has faced regulatory challenges in the U.S., Europe and U.K ever since.
Regulators were concerned that the takeover would reduce competition in the gaming market, in particular around the nascent area of cloud gaming.CMA, the staunchest critic of the takeover, which effectively blocked the deal earlier this yearFeeling out of the loop? We'll catch you up on the Chicago news you need to know. Sign up for the weeklyIn July, the CMA said it would consider a restructured acquisition from Microsoft to allay its concerns.
Specifically, the U.K. regulator argued when it blocked the takeover in April that allowing the deal to go ahead would give Microsoft a strong position in the nascent cloud gaming market.At the time, the CMA said it stood by its initial decision to block the deal because the compromises presented to the EU would allow Microsoft to"set the terms and conditions for this market for the next ten years.
Under the restructured transaction, Microsoft will not acquire cloud rights for existing Activision PC and console games, or for new games released by Activision during the next 15 years. Instead, these rights will be divested to Ubisoft Entertainment before Microsoft's acquisition of Activision, according to the CMA.Israel-Hamas War
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