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

FILE - The Activision Blizzard Booth is shown on June 13, 2013 the during the Electronic Entertainment Expo in Los Angeles. Microsoft is buying Activision Blizzard, Tuesday, Jan. 18, 2022, for $68.7 billion to gain access to blockbuster games including Call of Duty and Candy Crush. The all-cash deal will let Microsoft accelerate mobile gaming and provide it building blocks for the metaverse, or a virtual environment. (AP Photo/Jae C. Hong, File)
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Overview

  • 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.