Microsoft Closes , Activision Blizzard Deal.
Microsoft Closes , Activision Blizzard Deal.
Microsoft's $69 billion Activision Blizzard acquisition closed on Oct.
13, Reuters reports.
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Microsoft's $69 billion Activision Blizzard acquisition closed on Oct.
13, Reuters reports.
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Britain's Competition and Markets Authority (CMA) approved the deal earlier that same day after requiring Microsoft to sell streaming rights.
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The CMA blocked the deal in April over concerns about Microsoft's place within the cloud gaming market.
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The case was reopened after the Xbox maker agreed to sell Activision streaming rights to Ubisoft.
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The case was reopened after the Xbox maker agreed to sell Activision streaming rights to Ubisoft.
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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
