UK Regulator Greenlights Microsoft’s Activison Blizzard Deal

Following the decision to sell Activision’s cloud gaming rights.

Gaming
717 Hypes 1 Comments

After months of roadblocks, Microsoft has finally received the go-ahead from UK regulators to buy Activision Blizzard. The deal has previously only gotten “preliminary approval” from the UK’s Competition and Markets Authority (CMA), as the agency believed it would give Microsoft an unfair monopoly over the cloud gaming market.

Microsoft ultimately decided to restructure the deal to sell off Activision’s cloud gaming rights to Ubisoft so that it would be eligible to proceed.

“The CMA has decided to give Microsoft Corporation (Microsoft) consent to acquire Activision Blizzard, Inc. (Activision) (the Parties) excluding Activision’s cloud streaming rights outside of the European Economic Area (EEA) (the Merger) subject to the condition that the sale of Activision’s cloud streaming rights completes prior to completion of the Merger,” the CMA said in a statement.

The CMA’s approval now brings to a close a 20-month battle for Microsoft to make the $68.7 billion USD purchase. The deal is expected to close ahead of the deadline and be finalized in the coming days.

“We’re grateful for the CMA’s thorough review and decision today,” Microsoft President Brad Smith wrote on X. “We have now crossed the final regulatory hurdle to close this acquisition, which we believe will benefit players and the gaming industry worldwide.”

In other gaming news, a new Guitar Hero game could be in the works.

Read Full Article

What to Read Next

Microsoft Is Laying Off 1,900 Xbox and Activision Blizzard Employees
Gaming

Microsoft Is Laying Off 1,900 Xbox and Activision Blizzard Employees

As part of its restructuring efforts post-Activision Blizzard acquisition.

Microsoft’s Copilot AI Makes Its Way to Windows 10 Users
Tech & Gadgets

Microsoft’s Copilot AI Makes Its Way to Windows 10 Users

Namely those who are enrolled in its Windows Insider program.

Microsoft Is Banning “Unauthorized” Third-Party Xbox Controllers
Gaming

Microsoft Is Banning “Unauthorized” Third-Party Xbox Controllers

Users may see an error message when they attempt to connect their controllers.


'The New York Times' Sued OpenAI, Microsoft and Google Revealed 2023's Top Searches in This Week's Tech Roundup
Tech & Gadgets 

'The New York Times' Sued OpenAI, Microsoft and Google Revealed 2023's Top Searches in This Week's Tech Roundup

With Bandai Namco also looking to make Gundams real in a new initiative.

Chateau Orlando Takes its Romantic Motifs to the Floor
Design

Chateau Orlando Takes its Romantic Motifs to the Floor

With a new rug collection designed for CC-tapis.

Paraboot and Engineered Garments Unveil the EG Clusaz for Second Collaboration
Footwear

Paraboot and Engineered Garments Unveil the EG Clusaz for Second Collaboration

Centered around Engineered Garments’ designer, Daiki Suzuki’s passion for alpine footwear.

ONE OK ROCK Wants To Keep Touring Around the World
Music 

ONE OK ROCK Wants To Keep Touring Around the World

In the midst of their ‘Luxury Disease’ Asia tour, the Japanese rock band sits down with Hypebeast for an exclusive interview.

Adam Jones Doesn’t Play By the Rules, He Makes His Own
Fashion 

Adam Jones Doesn’t Play By the Rules, He Makes His Own

The emerging designer describes his artisanal design process, what he brings to the UK fashion industry, and his latest collection unveiled in London.

ASICS Embraces Spooky Season with GEL-LYTE III Friday The 13th Drop
Footwear

ASICS Embraces Spooky Season with GEL-LYTE III Friday The 13th Drop

Dubbed the “Superstition,” complete with a photoshoot on a broken mirror.


Everything Dropping at HBX Archives This Week
Fashion

Everything Dropping at HBX Archives This Week

Featuring the Louis Vuitton x fragment design monogram nano bag.

Corteiz Aims to Rule the World This Winter With Latest Capsule Collection
Fashion 

Corteiz Aims to Rule the World This Winter With Latest Capsule Collection

Introducing its fan-favorite BOLO Puffer in a crisp white colorway.

LOEWE's FW23 Toy Boot Delivers Five-Pocket Trousers for Your Feet
Footwear 

LOEWE's FW23 Toy Boot Delivers Five-Pocket Trousers for Your Feet

The runway-debuted boot mimics the look and feel of oversized bottoms.

Rolls-Royce Unveils the Black Badge Ghost Ékleipsis
Automotive

Rolls-Royce Unveils the Black Badge Ghost Ékleipsis

A limited edition of just 25 examples, inspired by the mystery of solar eclipse.

Best New Tracks: Offset, Westside Gunn, Bad Bunny and More
Music 

Best New Tracks: Offset, Westside Gunn, Bad Bunny and More

Dive into the weekend with these music projects.

More ▾
 
We got you covered. Don’t miss out on the latest news by signing up for our newsletters.

By subscribing, you agree to our Terms of Use and Privacy Policy.