Microsoft Corp.’s $69 billion Activision Blizzard Inc. acquisition got a new chance at winning approval from UK regulators after the tech giant submitted a substantially different deal to the country’s antitrust watchdog.
In a rare move, the Competition and Markets Authority is reconsidering the offer from Microsoft after it said it would sell the rights of all current and future Activision games released during the next 15 years to Ubisoft Entertainment SA. The divestment doesn’t include the European Economic Area, the CMA said.
“This is not a green light,” Sarah Cardell, head of the CMA, said. “We will carefully and objectively assess the details of the restructured deal and its impact on competition, including in light of third-party comments.” Microsoft asked the UK regulator in July to reconsider its April veto on the grounds that the situation had “materially changed,” given the US court decision and a subsequent deal it reached to license Activision blockbuster title Call of Duty to rival Sony Group Corp. The divestiture proposal may obviate the need for the CMA to rule on that request.
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