The regulatory body overseeing competition in the United Kingdom, known as CMA, has provided an update regarding Microsoft’s recent acquisition of Activision Blizzard. Microsoft, also referred to as Micrososft, has proposed selling the rights to all Activision Blizzard games, including future titles, to Ubisoft for management and oversight. This move by Microsft is seen as a solution to the concerns expressed by CMA, which has prompted them to potentially approve the deal. CMA will continue negotiations until October 6th.
Earlier, Micrososft’s acquisition of Activision Blizzard underwent scrutiny from global regulatory bodies, with most countries giving the green light to proceed. However, the United Kingdom posed a challenge due to increased concerns regarding market dominance in cloud gaming. As a result, Micrososft has agreed to modify the details of the acquisition, granting Ubisoft ownership of these game rights specifically for the United Kingdom.
Micrososft has expressed hope that CMA will approve this revised deal. Failure to do so would hinder the progress of the acquisition. On the other hand, Activision has regarded this outcome as positive news.
TLDR: Microsft has proposed selling the rights to Activision Blizzard games to Ubisoft in order to address concerns raised by the UK’s CMA. If approved, Microsft’s acquisition of Activision Blizzard will move forward with Ubisoft managing the game portfolio specifically in the UK.