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

  • 📰 globeandmail
  • ⏱ Reading Time:
  • 37 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 18%
  • Publisher: 92%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

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”.

 

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:

 /  🏆 5. in ZA

South Africa South Africa Latest News, South Africa South Africa Headlines

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

UK antitrust regulator clears Microsoft's acquisition of ActivisionExplore stories from Atlantic Canada.
Source: SaltWire Network - 🏆 45. / 63 Read more »

UK antitrust regulator clears Microsoft's acquisition of ActivisionActivision had in August agreed to sell its streaming rights to Ubisoft Entertainment, and Microsoft last month offered remedies to ensure the terms of the...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »