Microsoft Closes , Activision Blizzard Deal.
Microsoft Closes , Activision Blizzard Deal.
Microsoft's $69 billion Activision Blizzard
acquisition closed on Oct. 13, Reuters reports. .
Microsoft's $69 billion Activision Blizzard
acquisition closed on Oct. 13, Reuters reports. .
Britain's Competition and Markets Authority (CMA) approved the deal earlier that same day after
requiring Microsoft to sell streaming rights. .
The CMA blocked the deal in April
over concerns about Microsoft's place
within the cloud gaming market. .
The case was reopened after the Xbox maker
agreed to sell Activision streaming rights to Ubisoft. .
The case was reopened after the Xbox maker
agreed to sell Activision streaming rights to Ubisoft. .
The new deal will stop Microsoft from
locking up competition in cloud gaming
as this market takes off, preserving competitive prices and services for
U.K. cloud gaming customers, CMA, via statement.
The European Commission also approved
the deal in May after Microsoft vowed to
license Activision games to other platforms. .
The FTC still opposes the deal and plans to
hear internal arguments, but that won't stop
Microsoft from closing, Reuters reports.
Both Microsoft and Activision issued
statements about finalizing the deal.
Both Microsoft and Activision issued
statements about finalizing the deal.
We have now crossed the final
regulatory hurdle to close this
acquisition, which we believe
will benefit players and the
gaming industry worldwide, Microsoft Vice Chair and President Brad Smith, via statement.
The CMA's official approval is
great news for our future with
Microsoft, and we look forward to
becoming part of the Xbox Team, Activision Blizzard, via statement