Microsoft and Activision's $69B Deal: UK Regulator Shows Sign of Approval Coming

From CNET: Microsoft appears to be one step closer to closing its $69 billion acquisition of game publisher Activision Blizzard.

The UK's Competition and Markets Authority says Microsoft has remedied the regulatory issues laid out earlier in the year, according to a press release Friday. The regulator said the Xbox-maker's decision last month to sell cloud streaming rights for Activision Blizzard games to Ubisoft had addressed the concerns that the acquisition would create an anti-competitive video game market.

While Friday's news wasn't an approval of the deal, the CMA says it's "consulting on the remedies before making a final decision."

Microsoft first revealed plans to acquire Activision in January 2022. Closing the deal would turn Microsoft into one of the top three video game publishers in the world, right behind rival Sony. Activision Blizzard is one of the largest third-party publishers, with some major franchises that would give a much-needed boost to Microsoft's games catalog, including Call of Duty, Candy Crush and Overwatch.

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