Microsoft Finally Closes the Whopping $69 Billion Acquisition of Activision Blizzard

  • 📰 gizmochina
  • ⏱ Reading Time:
  • 68 sec. here
  • 3 min. at publisher
  • 📊 Quality Score:
  • News: 31%
  • Publisher: 53%

Business News News

Business Business Latest News,Business Business Headlines

The CMA's tough stance paid off when Microsoft agreed to sell streaming rights for Activision's popular titles,

, a move that could have potentially disrupted the rapidly-developing cloud gaming market. While the deal had already gotten approvals from various regulatory bodies, it hit a snag with the UK’s Competition and Markets Authority earlier this year. The deal marks a key moment, highlighting the CMA’s growing influence in global tech regulation since Britain’s exit from the EU.

While the deal appears to be a win for Microsoft, it can also be viewed as a victory for regulators committed to ensuring fair play in rapidly growing industries. Sarah Cardell, CMA Chief Executive, indicated that this outcome was possible because the regulator remained “free from political influence,” despite pushback from Microsoft and limited support from the British government.Microsoft is Expected to Pay $28.

Gizmochina brings you the best of Chinese Tech from emerging smartphone companies, innovative startups, to crazy smart home products and revolutionary technologies. We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept”, you consent to the use of ALL the cookies.This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website.

Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 18. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Microsoft Closes Activision Blizzard Acquisition, Making Call Of Duty Officially Part Of Xbox Now21 months after it was announced the $69 billion deal is finally complete
Source: Kotaku - 🏆 2. / 86 Read more »