Microsoft's Activision Deal Gets Green Light From UK Regulator
October 13 2023 - 1:40AM
Dow Jones News
By Kim Mackrael
Microsoft's acquisition of videogame company Activision Blizzard
won approval from U.K. competition authorities, clearing a path for
the companies to close the $75 billion deal after a lengthy
struggle with regulators.
The U.K.'s Competition and Markets Authority said Friday that
the proposed deal no longer poses a major threat to competition in
cloud gaming. The shift comes after Microsoft offered to
restructure the deal by forfeiting cloud-streaming rights for "Call
of Duty" and other popular Activision franchises in much of the
world.
-Sarah E. Needleman contributed to this article
Write to Kim Mackrael at Kim.mackrael@wsj.com
(END) Dow Jones Newswires
October 13, 2023 02:25 ET (06:25 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.
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