UK CMA announces
that while it has "identified limited residual concerns
with the new deal," the regulatory agency says that
to the Microsoft/Activision merger substantially address the concerns
that caused it to previously
block the deal
changes address concerns about Microsoft's hegemony in the streaming space by
selling Activision's streaming rights to Ubisoft. The CMA says this "opens the
door" to clearing this final regulatory hurdle holding up the deal:
the restructured deal is materially different to the previous transaction and
substantially addresses most concerns, the CMA has limited residual concerns
that certain provisions in the sale of Activision’s cloud streaming rights to
Ubisoft could be circumvented, terminated, or not enforced.
To address these concerns, Microsoft has offered remedies to ensure that the
terms of the sale of Activision’s rights to Ubisoft are enforceable by the CMA.
The CMA has provisionally concluded that this additional protection should
resolve those residual concerns.
The CMA has now opened a consultation, until 6 October, on Microsoft’s proposed