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.
In July, the CMA said it would consider a restructured acquisition from Microsoft to allay its concerns. Microsoft offered a spate of concessions, which centered around divesting the cloud rights of Activision games to French game publisher Ubisoft Entertainment. 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.
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