8 months ago
71 Microsoft logo is seen connected a smartphone placed connected displayed Activision Blizzard's games character.
Dado Ruvic | Reuters
Microsoft connected Tuesday submitted a caller woody to U.K. regulators for the takeover of Activision Blizzard aft the rejection of its archetypal proposal.
The U.S. exertion elephantine first enactment guardant the $69 cardinal acquisition of Activision successful January 2022 but has since faced regulatory challenges successful the U.S., Europe and U.K.
On Tuesday, the U.K.'s Competition and Markets Authority confirmed it has blocked the archetypal deal. However, it said some Microsoft and Activision person agreed to a new, restructured agreement, which volition present beryllium investigated by the CMA with a determination deadline of Oct. 18.
Under the restructured deal, Microsoft volition not get unreality rights for existing Activision PC and console games, oregon for caller games released by Activision during the adjacent 15 years, the CMA said.
Instead, these rights volition beryllium divested to crippled steadfast Ubisoft Entertainment anterior to Microsoft's acquisition of Activision, the CMA added.
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