The Competition Authority in the United Kingdom has given its green light to Microsoft’s nearly $70 billion acquisition of video game maker Activision Blizzard.
The green light from the authority
In a note from the Competition and Markets Authority (Cma) we read that the agreement revised by the American giant, after renouncing to acquire the rights to the cloud held by Activision and instead sold to the French game developer Ubisoft Entertainment, guarantees “competitive prices and better services”. Already last month the authority had concluded that the regulatory problems existing in the multibillion-dollar takeover had been resolved after the rejection of the previous agreement. The CMA’s initial concerns were about competition in the fast-growing cloud gaming sector, where games are purchased virtually and users can use a variety of devices and not just the console. “We have now cleared the final regulatory hurdle to close this acquisition, which we believe will benefit gamers and the gaming industry around the world,” said Microsoft vice president Brad Smith, commenting on the regulator’s decision. British.