Microsoft has agreed to sell the streaming rights for Activision Blizzard games to Ubisoft if completes its $68.7bn tak…
Microsoft's growth and perceived dominance in the game-streaming market proved to be the sticking point in its earlier attempt to get the UK's Competition and Markets Authority to approve the deal.by saying Microsoft's ownership of Activision Blizzard risked"stifling competition in this growing market" - of cloud gaming.
So, where does this leave the deal in general? The CMA has now reacted to this development and said the deal has been resubmitted for a new investigation - with a deadline now of 18th October. "The CMA has today confirmed that Microsoft's acquisition of Activision, as originally proposed, cannot proceed," CMA boss Sarah Cardell said in a"Separately, Microsoft has notified a new and restructured deal, which is substantially different from what was put on the table previously.
"This is not a green light. We will carefully and objectively assess the details of the restructured deal and its impact on competition, including in light of third-party comments. Our goal has not changed – any future decision on this new deal will ensure that the growing cloud gaming market continues to benefit from open and effective competition driving innovation and choice.
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