The conflict between Microsoft and the UK Competition and Markets Authority (CMA) regarding the tech giant's acquisition of Activision Blizzard has finally found its resolution. The UK regulator officially approved the landmark deal that has been a topic of discussion for several years. However, this approval comes with a condition that Microsoft needs to sell the cloud streaming rights, which are held by Activision, to Ubisoft as originally planned.
As the CMA affirmed their decision, they stated, "The CMA has decided to give Microsoft Corporation (Microsoft) consent to acquire Activision Blizzard, Inc. (Activision), excluding Activision's cloud streaming rights outside of the European Economic Area (EEA) subject to the condition that the sale of Activision’s cloud streaming rights completes prior to the completion of the Merger."
Microsoft's President, Brad Smith, expressed his gratitude towards the CMA for their meticulous review and subsequent decision. Calling this the "final regulatory hurdle," Smith confirmed that the only task now remaining was to close the acquisition, which he believes will be hugely advantageous for both players and the global gaming industry.
Now that the final approval has been received from the CMA, all eyes are on Microsoft and Activision Blizzard. All gaming enthusiasts eagerly wait for the official announcement stating the final closure of the deal. This multi-billion-dollar deal was first declared nearly two years ago. After a prolonged period of regulatory reviews and negotiations, it seems the journey towards the finalization of this acquisition is almost over.
This news brings with it not only a sigh of relief for both the companies involved but also stirs up anticipation amongst the gaming community. With Microsoft taking over Activision Blizzard, the gaming landscape is expected to witness some significant shifts, and players eagerly await to see the potential benefits of this merger.
This notable decision by the CMA undoubtedly brings an end to one of the largest and long-drawn-out disputes in the gaming industry in recent times. Now, as the gaming world looks forward to the official announcement from Microsoft and Activision Blizzard regarding the closure of the acquisition deal, it can only wait and wonder about what's next. With such a major player like Activision Blizzard under its wing, Microsoft is likely to take the gaming industry to new heights.
All said and done, it seems like the final chapter of this tale is on the horizon. After the closure of the deal, the gaming industry will keenly observe how Microsoft integrates Activision Blizzard’s vast portfolio of popular games into its own gaming ecosystem, and how the gaming experience is enhanced for millions of gamers worldwide.
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