Microsoft's restructured Activision deal gains key approval after addressing competition concerns

Microsoft agreed to sell Activision's cloud gaming rights to Ubisoft to address regulators' concerns.
The UK's competition watchdog provisionally approved the restructured $69 billion deal.
Microsoft's concessions resolved the CMA's worries about reduced competition in cloud gaming.
The CMA is consulting on the proposed remedies before making a final ruling by October 18.
Approval in the UK sets the stage for Microsoft to complete its acquisition of Activision Blizzard.