British competition regulators has signaled that Microsoft’s restructured $69 billion deal to buy video game maker Activision Blizzard is likely to receive antitrust approval. The Competition and Markets Authority said Friday that the revamped proposal “substantially addresses previous concerns” abo…
British regulators said Microsoft’s restructured purchase plan to acquire Activision Blizzard for $69 billion "opens the door" to the biggest ever gaming deal getting done.
Microsoft’s proposed multibillion-dollar purchase of Activision Blizzard took a step closer to fruition on Friday as UK regulators said an amended version of the deal is likely to resolve their concerns over the acquisition.
Microsoft's $68.7 billion acquisition of Activision Blizzard looked close to being dead not long ago, but it just took a big step toward clearing its last major obstacle.
The announcement shows the UK watchdog is close to reversing its earlier decision to block Microsoft from taking over the maker of hit gaming franchises like Call of Duty and World of Warcraft.
Microsoft's modified proposal to win regulatory approval for its plan to buy Activision Blizzard was provisionally accepted by the U.K.'s Competition and Markets Authority.
