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Britain clears Microsoft’s US$69-billion acquisition of Activision Blizzard

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The approval paves the way for Microsoft to close the deal by Oct. 18 after it extended the deadline to secure British approval

on Friday after it forced the Xbox owner to sell the steaming rights to games including “Call of Duty” to address its competition concerns.

The deal was the biggest test of the CMA’s global power to take on the tech giants since Britain left the European Union. The CMA said Microsoft’s concession on streaming was a “gamechanger”, adding that it was the only competition agency globally to have delivered this outcome. “The new deal will stop Microsoft from locking up competition in cloud gaming as this market takes off, preserving competitive prices and services for UK cloud gaming customers,” it said in a statement.

The CMA’s block in April drew fury from the merging parties, with Microsoft saying that Britain was closed for business. She said the CMA took its decisions “free from political influence” and it would not be “swayed by corporate lobbying”.

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