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...It came under intense pressure from Microsoft, from Activision, and it said it was going to stick to its guns....
...Microsoft has closed its $75bn acquisition of Activision Blizzard following its clearance by the UK regulator, ending 21 months of uncertainty over the video games industry’s biggest-ever deal....
...The UK competition regulator has approved Microsoft’s $75bn acquisition of Activision Blizzard, paving the way for its imminent closure after 21 months of legal wrangling....
...NetEase and US games rival Microsoft, which bought Activision Blizzard last year, said on Wednesday they would bring Blizzard’s popular titles such as the online role-playing game World of Warcraft back...
...“To address these concerns, Microsoft has offered remedies to ensure that the terms of the sale of Activision’s rights to Ubisoft are enforceable by the CMA,” it said....
...“The CMA’s official approval is great news for our future with Microsoft, and we look forward to becoming part of the Xbox Team,” Activision said....
...“To address these concerns, Microsoft has offered remedies to ensure that the terms of the sale of Activision’s rights to Ubisoft are enforceable by the CMA,” it added....
...For evidence, look no further than Microsoft’s $75bn purchase of Activision Blizzard....
...Microsoft has submitted a new version of its $75bn acquisition of Activision Blizzard to the UK’s competition regulator after the previous deal was blocked over concerns it would stifle innovation in the...
...Clips from Activision Blizzard For further reading: How Brad Smith used Microsoft’s $1bn law and lobbying machine to win Activision battle The newfound influence of the UK’s competition watchdog US v...
...The agency has also aggressively challenged large tech mergers and acquisitions, such as suing to block Microsoft’s $69bn acquisition of Activision Blizzard....
...Microsoft is among those cutting jobs, saying last month it would lay off around 1,900 staff, or about 8 per cent of its gaming workforce, including some at Activision Blizzard....
...Microsoft’s 21-month battle to pull off its blockbuster purchase of gaming company Activision has been one of the M&A world’s most tortuous recent sagas....
...The UK’s competition watchdog has extended the deadline for the $75bn Microsoft-Activision Blizzard combination by more than a month, after it received what it called a “detailed and complex submission from...
...The US Federal Trade Commission has sought a new injunction to prevent Microsoft closing its $75bn purchase of games company Activision Blizzard, adding another potential delay to the deal just five days...
...The Federal Trade Commission has sought a new injunction to prevent Microsoft closing its $75bn purchase of games company Activision Blizzard, adding another potential delay to the deal just five days before...
...However, the parties have agreed to increase the termination fee from $3bn to as much as $4.5bn, which Microsoft would pay to Activision if a deal is not completed by October 18....
...Microsoft and Activision did not immediately respond to a request for comment....
...Under the latest terms, Microsoft cannot release Activision Blizzard games exclusively on its own cloud streaming service Xbox Cloud Gaming....
...Four months after closing its $75bn Activision Blizzard deal, Microsoft also said the first title from the portfolio of the Call of Duty creator would start appearing on its Game Pass subscription service...
...“The FTC has not shown it is likely to succeed on its assertion the combined firm will probably pull [Activision’s blockbuster game] Call of Duty from Sony PlayStation, or that its ownership of Activision...
...Following the ruling, both companies criticised the UK for hampering tech innovation, with Activision accusing Britain of being “closed for business”....
...UK regulators have opened the door for Microsoft and Activision Blizzard to close their $75bn video games deal within as little as six weeks, as the companies scramble to restructure their agreement to satisfy...
...Microsoft’s $75bn pursuit of Activision Blizzard was game over....
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