Microsoft is all set to close its deal with Activision Blizzard as early as next week. As informed by known resources to The Verge, the company is all set to wrap up things on Friday, October 13. Doing this might be before the actual deadline set by Microsoft and CMA, which is October 18.
Additionally, the CMA has until the end of today to gather comments and viewpoints on the deal. before submitting a final judgment the following week. With this acquisition, Microsoft has been slowed down by bureaucratic red tape for almost two years. And by concluding the purchase of the Call of Duty developer, Microsoft would be able to put an end to a process that had been extremely drawn-out and undoubtedly tedious.
The CMA initially opposed Microsoft’s agreement due to concerns about cloud gaming. Microsoft then redesigned its agreements and came up with a new set of guidelines. The CMA was subsequently given those additional terms last month. The CMA has since evaluated them and stated that its concerns appear to have been addressed. Observing that, it would decide that by the middle of October.
Microsoft will soon close its deal with Activision Blizzard
There isn’t much in Microsoft’s way right now. And this is pretty much a done deal as long as the CMA doesn’t uncover any other obvious problems. Microsoft has struggled with the $68.7 billion transaction from the outset. Regulators and competitors seemed to be against the deal at every point. In particular, Sony opposed the purchase, and the FTC in the US stopped it.
Microsoft is planning to give Ubisoft the cloud gaming rights to Activision Blizzard’s titles after making a potentially profitable transaction. who has the option of licensing them to rivals.
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