Brief: UK's CMA Says May Clear Restructured Microsoft-Activision Deal After Microsoft's Remedies

Activision Blizzard

22/09/2023 07:08

Sept 22 (Reuters) - Competition and Markets Authority: 
    * COMPETITION AND MKTS  - MERGER UPDATE:
MICROSOFT/ACTIVISION
    * CMA: SALE OF ACTIVISION'S CLOUD GAMING RIGHTS TO UBISOFT
SUBSTANTIALLY ADDRESSES PREVIOUS CONCERNS AND OPENS DOOR TO DEAL
BEING CLEARED
    * UK'S CMA ON MICROSOFT/ ACTIVISION, SAYS CMA IS NOW
CONSULTING ON
REMEDIES BEFORE MAKING A FINAL DECISION
    * CMA: IDENTIFIED LIMITED RESIDUAL CONCERNS WITH NEW DEAL,
MICROSOFT HAS PUT FORWARD REMEDIES WHICH CMA HAS PROVISIONALLY
CONCLUDED SHOULD ADDRESS THESE ISSUES
    * UK'S CMA - UNDER THAT NEW DEAL, MICROSOFT WILL NOT
PURCHASE
CLOUD GAMING RIGHTS HELD BY ACTIVISION
    * UK'S CMA ON MICROSOFT/ ACTIVISION, SAYS  RESTRUCTURED DEAL
MAKES
IMPORTANT CHANGES THAT SUBSTANTIALLY ADDRESS CONCERNS IT SET OUT
    * UK'S CMA ON MICROSOFT/ ACTIVISION, SAYS NOW OPENED A
CONSULTATION, UNTIL 6 OCTOBER, ON MICROSOFT'S PROPOSED REMEDIES
    * CMA - LIMITED RESIDUAL CONCERNS CERTAIN PROVISIONS IN SALE
OF
ACTIVISION'S CLOUD STREAMING RIGHTS TO UBISOFT COULD BE
TERMINATED, OR NOT ENFORCED
    * UK'S CMA ON MICROSOFT/ ACTIVISION, SAYS MICROSOFT OFFERED
REMEDIES TO ENSURE TERMS OF SALE OF ACTIVISION'S RIGHTS TO
UBISOFT ARE ENFORCEABLE BY CMA
    * UK'S CMA ON MICROSOFT/ ACTIVISION, SAYS PROVISIONALLY
CONCLUDED
THAT ADDITIONAL PROTECTION SHOULD RESOLVE RESIDUAL CONCERNS

Source text for Eikon:  ID:nRSV3506Na 

 ((Reuters.Briefs@thomsonreuters.com;))