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## Microsoft’s Revised Offer for Activision Blizzard Approved by UK Regulators

By Michael Race & Zoe Kleinman

BBC News | 13 October 2023, 07:10 BST

Updated 13 minutes ago

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Microsoft’s revised offer to buy Call of Duty-maker Activision Blizzard has been approved by UK regulators. The Competition Markets Authority (CMA) said the updated bid had addressed concerns, after it blocked the original $69bn (┬ú59bn) deal in April.

Microsoft will hand the rights to distribute Activision’s games on consoles and PCs over the cloud to France’s Ubisoft. Despite approving the deal, however, the CMA criticized Microsoft. After the competition watchdog blocked the takeover in April, Microsoft’s president Brad Smith said it was “bad for Britain”.

On Friday, CMA chief executive Sarah Cardell said: “Businesses and their advisors should be in no doubt that the tactics employed by Microsoft are no way to engage with the CMA. “Microsoft had the chance to restructure during our initial investigation but instead continued to insist on a package of measures that we told them simply wouldn’t work. Dragging out proceedings in this way only wastes time and money.”

The CMA said the revised offer would “preserve competitive prices” in the gaming industry and provide more choice and better services. “With the sale of Activision’s cloud streaming rights to Ubisoft, we’ve made sure Microsoft can’t have a stranglehold over this important and rapidly developing market,” Ms Cardell said.

Mr Smith said Microsoft was “grateful for the CMA’s thorough review and decision”. He said the “final regulatory hurdle” had been crossed for the tech giant to complete the deal, while a spokesman for Activision Blizzard said the approved deal was “great news”.

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