Microsoft brand is seen on a smartphone positioned on displayed Activision Blizzard’s video games character.
Dado Ruvic | Reuters
Microsoft on Tuesday submitted a brand new deal to U.Okay. regulators for the takeover of Activision Blizzard after the rejection of its preliminary proposal.
The U.S. expertise large first put ahead the $69 billion acquisition of Activision in January 2022 however has since confronted regulatory challenges within the U.S., Europe and U.Okay.
On Tuesday, the U.Okay.’s Competitors and Markets Authority confirmed it has blocked the unique deal. Nonetheless, it stated each Microsoft and Activision have agreed to a brand new, restructured settlement, which can now be investigated by the CMA with a call deadline of Oct. 18.
Beneath the restructured deal, Microsoft is not going to purchase cloud rights for current Activision PC and console video games, or for brand new video games launched by Activision through the subsequent 15 years, the CMA stated.
As an alternative, these rights can be divested to recreation writer Ubisoft Leisure previous to Microsoft’s acquisition of Activision, the CMA added.
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