Microsoft's Brad Smith Acknowledges Fairness Of UK Regulator CMA In Activision Blizzard Deal Approval
Portfolio Pulse from Rounak Jain
Microsoft's President, Brad Smith, praised the UK's Competition and Markets Authority (CMA) for its fair approach in approving the Activision Blizzard deal after initial resistance. The CMA had concerns about Microsoft gaining an unfair advantage in cloud gaming, leading to the deal being blocked in April 2023. Microsoft restructured the deal, including selling game streaming rights of 'Call of Duty' to Ubisoft, and received approval in October 2023. The FTC in the US is still challenging the deal.
January 02, 2024 | 3:32 pm
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Microsoft's acquisition of Activision Blizzard was approved in the UK after restructuring, including selling 'Call of Duty' streaming rights to Ubisoft. The FTC is still contesting the deal in the US.
The approval of the acquisition by the UK regulator after concessions suggests a positive outcome for Microsoft, potentially boosting investor confidence. However, ongoing FTC scrutiny in the US maintains a level of uncertainty.
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