UK regulators have approved Microsoft’s proposed Activision Blizzard acquisition. Microsoft is now free to close its giant Xbox deal.
Microsoft’s $68.7 billion deal to acquire Activision Blizzard has been approved by UK regulators. The UK’s Competition and Markets Authority has concluded that the deal can proceed after Microsoft recently restructured the deal to transfer cloud gaming rights for current and new Activision Blizzard games to Ubisoft. The decision clears the way for the deal to close now that the UK regulator has given the green light.
The Xbox maker originally announced the deal in January 2022, and has faced close scrutiny from regulators ever since — including an FTC v. Microsoft case that revealed plenty of Xbox secrets. The Federal Trade Commission is still appealing its failure to secure a preliminary injunction to block Microsoft’s deal, with a decision from the Ninth Circuit Court of Appeals due in December.
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EU won’t reportedly need to approve Microsoft’s Activision deal again. - The VergeBloomberg is reporting that the European Commission won’t need to go through an approvals process for Microsoft’s revised Activision Blizzard deal. Microsoft announced a restructured deal in August, designed to appease UK regulators, that involves transferring cloud gaming rights for current and new Activision Blizzard games to Ubisoft. The European Commission originally said it was “carefully assessing” the restructured deal, but it appears it’s now good to go.
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