British regulators hint they may greenlight Activision takeover from Microsoft: InfoQuest

Activision Blizzard’s restructuring proposal to acquire Microsoft (Microsoft) was submitted to the agency in August, the UK Competition and Markets Authority (CMA) said today (September 22). “There is a chance of approval.”

The Capital Markets Authority blocked the first set of Microsoft proposals worth $69 billion in January. 2022 One of the concerns is that this could impose restrictions on competition in the cloud gaming sector, which is just beginning to take off.

Before later Microsoft will submit a new acquisition proposal. The company will sell cloud access rights to Activision’s existing PC and console games and new games released by Activision over the next 15 years, which it said will be transferred to Ubisoft. Entertainment (Ubisoft Entertainment) instead

The Capital Markets Authority has until October 18 to consider the proposal.

The Capital Markets Authority stated: “While the Capital Markets Authority identified outstanding concerns regarding the new agreement, it added that Microsoft has provided a solution. The agency is still discussing the proposed amendments before making the final decision.”

Mr. Brad Smith, Chairman and Vice President of Microsoft, said in an email statement, “We are encouraged by the positive progress in the CMA review process, as we provide a solution that we believe addresses the CMA’s remaining concerns regarding cloud gaming streaming. We will continue our efforts to obtain On the certificate before the deadline of October 18.

By InfoQuest News Agency (September 22, 2023)

Tags: English, Activision Blizzard, Microsoft

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