184
Microsoft’s $69bn deal to buy Call of Duty maker Activision Blizzard cleared by UK
(www.theguardian.com)
this post was submitted on 13 Oct 2023
184 points (97.4% liked)
Technology
59217 readers
2900 users here now
This is a most excellent place for technology news and articles.
Our Rules
- Follow the lemmy.world rules.
- Only tech related content.
- Be excellent to each another!
- Mod approved content bots can post up to 10 articles per day.
- Threads asking for personal tech support may be deleted.
- Politics threads may be removed.
- No memes allowed as posts, OK to post as comments.
- Only approved bots from the list below, to ask if your bot can be added please contact us.
- Check for duplicates before posting, duplicates may be removed
Approved Bots
founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
This is the best summary I could come up with:
The UK’s competition watchdog has cleared Microsoft’s $69bn (£54bn) deal to buy Activision Blizzard, the maker of games including Call of Duty and World of Warcraft, in a move that paves the way for both companies to complete the transaction.
However, last month the watchdog said a revised deal that included selling cloud gaming rights outside Europe to Activision Blizzard’s French rival Ubisoft had addressed its concerns, indicating the tie-up would be approved.
In a statement on Friday Sarah Cardell, the CMA’s chief executive, said: “With the sale of Activision’s cloud streaming rights to Ubisoft, we’ve made sure Microsoft can’t have a stranglehold over this important and rapidly developing market.
As cloud gaming grows, this intervention will ensure people get more competitive prices, better services and more choice.”
The UK regulator had appeared increasingly isolated in its position blocking the takeover after its EU counterparts passed the deal – after Microsoft offered alternative concessions on cloud gaming rights – and the US competition regulator failed to secure a court injunction to stop it.
The Federal Trade Commission is maintaining its opposition to the deal but it cannot prevent Microsoft and Activision from completing it.
The original article contains 244 words, the summary contains 194 words. Saved 20%. I'm a bot and I'm open source!