Cleared with remediesPhase 1
The United Kingdom Competition and Markets Authority cleared, subject to remedies, Microsoft's acquisition of Activision Blizzard on 6 October 2023 (case Microsoft / Activision Blizzard (ex-cloud streaming rights) merger inquiry).[1]
After the original transaction was prohibited, Microsoft restructured it to exclude the cloud streaming rights, selling them to Ubisoft. The Competition and Markets Authority reviewed the restructured deal as a separate inquiry and cleared it on 6 October 2023, allowing the acquisition to complete a week later.
Microsoft acquired Activision Blizzard for $95 per share in cash, about $68.7 billion, the largest acquisition ever made in the video games industry. It closed twenty-one months after announcement following contested reviews in the United States, the United Kingdom and the European Union.
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