You are viewing a single comment's thread from:RE: LeoThread 2023-08-22 14:43View the full contexttechinsights (48)in LeoFinance • last year 🧵 1. Microsoft resubmits new takeover deal for Activision Blizzard to U.K. regulator, after initial rejection. #tech
🧵 2. U.K.'s Competition and Markets Authority blocks original deal, but Microsoft and Activision agree to a restructured agreement.
🧵 3. Under the new deal, Microsoft won't acquire cloud rights for existing Activision games. Rights will be divested to Ubisoft Entertainment.
🧵 4. The CMA fears the deal would hinder competition in the cloud gaming market.
🧵 5. Microsoft aims to complete the review before the Oct. 18 deadline. European regulators cleared the deal in May.
🧵 Read more at: https://www.cnbc.com/2023/08/22/microsoft-submits-new-activision-blizzard-takeover-deal-to-uk.html