Microsoft's Revised Activision Deal Addresses Competition Concerns, Says UK Regulator
September 22 2023 - 2:03AM
Dow Jones News
By Elena Vardon
Microsoft's proposals to modify its $75 billion Activision
acquisition address the concerns with the U.K. antitrust authority,
the regulator said in a provisional decision Friday.
The U.K. Competition and Markets Authority said that the new
deal submitted by Microsoft should lessen any harm to competition
in cloud gaming.
The CMA said that the restructured transaction--through which
Activision would sell its cloud gaming rights to Ubisoft--opens the
door to the deal being cleared.
The regulator is consulting on remedies put forward by Microsoft
to address residual concerns it has before making a final decision,
it said.
The CMA opened a consultation on these remedies which will last
until Oct. 6, it added.
Write to Elena Vardon at elena.vardon@wsj.com
(END) Dow Jones Newswires
September 22, 2023 02:48 ET (06:48 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.
Activision Blizzard (NASDAQ:ATVI)
Historical Stock Chart
From Apr 2024 to May 2024
Activision Blizzard (NASDAQ:ATVI)
Historical Stock Chart
From May 2023 to May 2024
