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Microsoft is restructuring its proposed Activision Blizzard deal to transfer cloud gaming rights for current and new Activision Blizzard games to Ubisoft. The transfer of rights is designed to appease regulators in the UK that are concerned about the impact Microsoft’s $68.7 billion deal will have cloud gaming competition. The restructured deal has triggered a new regulatory investigation in the
Microsoft and Activision Blizzard on Wednesday agreed to extend the deadline for their merger agreement until Oct. 18, Activision said in a statement Wednesday, CNBC reported. The two companies had originally agreed to complete the transaction by July 18, but regulatory pushback from the U.S. and U.K. delayed the takeover. According to CNBC, if Microsoft had not extended the deal
The UK’s Competition and Markets Authority (CMA) issued updated provision. From the review: “In February, the Competition and Markets Authority (CMA) published provisional findings setting out that the deal raises competition concerns in relation to both console gaming and cloud gaming services in the UK. The publication of the provisional findings initiated a period of consultation in which the CMA
UK’s Competition and Markets Authority posted a press release titled: “Microsoft - Activision deal could harm UK gamers”. The press release starts with: A CMA investigation has provisionally concluded that Microsoft’s proposed acquisition of Activision could result in higher prices, fewer choices, or less innovation for UK gamers. The provisional findings from the Competition and Markets Authority (CMA) follow a
The UK’s Competition and Markets Authority (CMA) posted a press release announcing its plans for a market investigation into mobile browsers and cloud gaming. According to the CMA: Apple and Google “hold all the cards” with interventions needed to give innovators and competitors a fair chance to compete in mobile ecosystems. More specifically, the CMA is consulting on the launch