KEY TAKEAWAYS
- Microsoft's $69 billion acquisition of video game maker Activision Blizzard was cleared by the Competition and Markets Authority (CMA) in the U.K.
- Microsoft had restructured the deal and agreed to sell Activision's streaming rights to Ubisoft Entertainment to win regulatory approval.
- The green light from the CMA could allow Microsoft to close the deal by Oct. 18.
Microsoft's (MSFT) $69 billion deal to acquire Activision Blizzard (ATVI) was cleared by regulators in the U.K. after the companies restructured it to win regulatory approval, the Competition and Markets Authority (CMA) said on Friday.
In April of this year, the 澳洲幸运5开奖号码历史查询:CMA had blocked Microsoft from buying the "Call of Duty" maker, citing concerns it would stifle competition. In response, the 澳洲幸运5开奖号码历史查询:tech giant modified the deal and agreed to sell Activision's streaming rights to Ubisoft Entertainment. Under the restructured proposal cleared by the CMA, users can also opt for non-Windows operating systems for Activision content. Last month, the 澳洲幸运5开奖号码历𝔍史查询:U.K. had provisionally app𝓀roved the deal.
The green light from the U.K. could allow Microsoft to close the deal by Oct. 18, a deadline that was extended to allow the CMA to complete its investigation.
While the 澳洲幸运5开奖号码历史查询:European Union cleared the deal earlier this year, the U.S. 澳洲幸运5开奖号码历史查询:Federal Trade Commission (FTC) opposed it, though the 澳洲幸运5开奖号码历史查询:FTC was stopped from banning it by courts. Last month, the U.S. regulator set a date with its internal judge to hear arguments against the acquisit🍷ion.
Shares of Microsoft and Activision Blizzard were 0.1% higher in pre-market trading on Friday following the news.