The UK’s Competitors and Markets Authority (CMA) has given preliminary approval for Microsoft to proceed with its $69 billion Activision Blizzard deal. The CMA had initially blocked the acquisition over cloud gaming issues, however Microsoft lately restructured the deal to switch cloud gaming rights for present and new Activision Blizzard video games to Ubisoft.
“The CMA considers that the restructured deal makes vital modifications that considerably deal with the issues it set out in relation to the unique transaction earlier this yr,” the CMA mentioned in a press launch, and “opens the door to the deal being cleared.”
That is only a preliminary determination, forward of ultimate approval. The CMA says it has now opened a session to achieve…
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