The British antitrust regulator CMA officially approved Microsoft’s acquisition of “Call of Duty” developer Activision Blizzard. The previous transaction changes basically resolved the agency’s concerns.
Earlier this year, the CMA blocked Microsoft’s $68.7 billion acquisition of all of Activision Blizzard’s businesses over concerns the deal would harm competition in cloud gaming in the UK. Microsoft submitted a restructuring deal for review by the CMA in August after the deal was blocked.
It is learned from the announcement that under this new agreement, Microsoft will not purchase the cloud gaming rights held by Activision Blizzard, but will sell them to an independent third party Ubisoft Entertainment (Ubisoft) before the transaction is completed. .
The CMA believes the restructuring deal makes important changes that largely address concerns raised earlier this year in relation to the original deal.
The UK Competition and Markets Authority (CMA) said in a statement: “As the cloud gaming market develops, the new agreement will prevent Microsoft from locking in cloud gaming competition and retain competitive prices and services for UK cloud gaming customers. “
“We are grateful to the CMA for today’s thorough review and decision. We have now crossed the final regulatory hurdle to complete this acquisition, which we believe will benefit gamers and the gaming industry around the world,” said Microsoft President Brad Smith.
According to previous news from the Nasdaq official website, trading in Activision Blizzard (ATVI) stock was suspended. The suspension code T1 means “trading is suspended pending the release of major news.”
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