International news 22 Sept. 2023 4:42 p.m. 2023-09-22
The UK’s Competition and Markets Authority (CMA) said today (22 September) that Activision Blizzard’s restructuring proposal to acquire Microsoft Company (Microsoft) that was filed with the agency in August. “There is a chance of approval.”
The CMA blocked Microsoft’s first set of $69 billion proposals in January. 2022 from concerns that This may cause competition restrictions in the cloud gaming sector, which is just starting to take off.
before later Microsoft will submit a new acquisition proposal. The company will sell cloud access rights to Activision’s existing PC and console games and new games released by Activision over the next 15 years. said it will be transferred to Ubisoft. Entertainment (Ubisoft Entertainment) instead
The CMA has until October 18 to consider the proposal.
The CMA stated: “Whilst the CMA has identified lingering concerns with the new agreement, Microsoft has presented a solution,” he added. The agency is still discussing proposed amendments before making a final decision.
Mr. Brad Smith, Chairman and Vice President of Microsoft stated in a statement via email that “We are encouraged by the positive progress of the CMA’s review process, as we present a solution that we believe addresses the CMA’s remaining concerns regarding cloud gaming streaming. And we will continue our efforts to get it certified before the Oct. 18 deadline.”
By InfoQuest News Agency (22 Sept. ’23)
Tags: English, Activision Blizzard, Microsoft
