The US$69 billion Activision takeover seems likely to clear regulatory hurdles following the restructured deal.
Microsoft will no longer acquire the cloud-gaming rights held by Activision due to UK regulatory concerns.
The Competition and Markets Authority said in a statement that “the restructured deal makes important changes” and “opens the door to the deal being cleared”. The US tech titan launched its bid early last year, seeking to establish the world’s third biggest gaming firm by revenue after China’s Tencent and Japan’s PlayStation maker Sony.
“In response to our original prohibition, Microsoft has now substantially restructured the deal, taking the necessary steps to address our original concerns,” CMA chief executive Sarah Cardell said in Friday’s statement.
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