Microsoft's purchase of 'Call of Duty' maker Activision Blizzard marks the biggest deal in video game industry history.
Microsoft acquired gaming giant Activision Blizzard on Friday, closing the biggest deal in video game history after more than a year of close scrutiny from antitrust officials around the world. The $69 billion purchase of Santa Monica-based Activision Blizzard makes Microsoft the third-largest gaming company in the world by revenue, behind China's Tencent and Sony in Japan.
Still, the FTC has said that it will resume its administrative case against the deal even after it closes. The U.K.’s Competition and Markets Authority also initially blocked the acquisition, before regulators accepted a restructured deal that transferred cloud streaming rights for current and new Activision Blizzard PC and console games released over the next 15 years to Ubisoft Entertainment, a global game publisher.
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Microsoft gets the go-ahead from U.K. regulators to buy Activision BlizzardBarbara Kollmeyer is based in Madrid, where she leads MarketWatch's pre-markets coverage of financial markets and writes the Need to Know column. She has worked in London and Los Angeles for MarketWatch previously. Follow her on Twitter bkollmeyer.
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