Britain says may clear restructured Microsoft-Activision deal (updated)

Activision Blizzard

22/09/2023 07:10

(Adds detail from statement in paragraphs 3 and 4)
       Sept 22 - Britain's antitrust regulator on Friday said
Microsoft's  MSFT.O  restructured acquisition of Activision
Blizzard  ATVI.O  "opens the door" to the deal being cleared.
        The "Call of Duty" maker had in August agreed to sell
its streaming rights to Ubisoft Entertainment  UBIP.PA .
    The sale of Activision's cloud gaming rights to Ubisoft
"substantially addresses previous concerns," the UK's
Competition and Markets Authority (CMA) said in a statement.
    "While the CMA has identified limited residual concerns with
the new deal, Microsoft has put forward remedies which the CMA
has provisionally concluded should address these issues," the
regulator said.

 (Reporting by Yadarisa Shabong in Bengaluru; Editing by Varun H
K)
 ((Yadarisa.Shabong@thomsonreuters.com; +91 9742735150;))