Microsoft Proposes New Deal With Ubisoft Handling Activision Blizzard Streaming Rights In UK To CMA
Microsoft has submitted a new deal to the U.K.’s Competition and Markets Authority regulatory agency that proposes Ubisoft get the rights to Activision Blizzard game streaming for 15 years. After the CMA blocked Microsoft’s proposed acquisition of Activision Blizzard for a colossal $69 billion back in April over cloud gaming concerns, Microsoft set its sights on the U.S. Federal Trade Commission for approval. In July, a California judge denied the FTC’s request for a preliminary injunction in its case to block Microsoft’s proposed acquisition. Shortly after that decision, Microsoft announced it was pausing its appeal efforts in the U.K. to negotiate with the CMA, and the CMA extended the company’s deadline to do so to August 29, 2023. Today, the CMA confirmed it is blocking Microsoft’s original proposed deal. However, Microsoft also offered a new deal today following that...