Approaching the end of the deal of the year
The UK's top competition authority has given the green light to Microsoft's $69 billion bid to acquire gaming company Activision Blizzard.
The UK's Competition and Markets Authority (CMA) has approved the deal for Microsoft to acquire Activision, but did not grant permission for cloud gaming rights.
In a statement, the regulatory body said, "The new deal will prevent Microsoft from locking up competition in cloud gaming as this market continues to grow, preserving competitive prices and services for UK cloud gaming customers."
The CMA was the final regulatory body blocking the deal, which had been in limbo for months. In other words, Microsoft is now very close to completing the acquisition.
The decision marks a major U-turn from the CMA, which was the deal's harshest critic and had effectively blocked it earlier this year over concerns that it would stifle competition in the emerging cloud gaming market.
Microsoft first proposed the acquisition of Activision in January 2022 but has since faced legal challenges in the US, Europe, and the UK.
News Source: 12punto
Most Read
Galatasaray announces injury updates for Osimhen, Lemina, and Singo
Attention online sellers: Tax monitoring expanded
VAR for the Fenerbahçe-Beşiktaş derby has been announced!
Bridges and highways are being privatized: 15 July and FSM are also on the list
Peugeot September 2026 price list is out
New details emerge in 'panel' operation targeting lawyers
Gökçek era detail in ABB investigation
Özlem Şanver: 'He said he would change, I believed him; should I be beaten just because I didn't leave?'
First statement from Osimhen after injury in Başakşehir match
The Süper Lig's new team becomes the transfer champion