Microsoft Won’t Need To Wait On EU To Close Activision Purchase, Report Claims
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The Microsoft purchase of Activision Blizzard is getting closer to reality, and it appears the European Union (EU) is ready to let it go through after UK approval.
According to a new report from Bloomberg, the deal won’t need to go through a new approval process with the EU for the acquisition to be completed. This comes after Microsoft submitted a restricted deal back in August.
As part of the restructuring, Ubisoft would be sold cloud gaming rights for all current and new Activision Blizzard games.
From the report:
“The revised proposal, which CMA Chief Executive Officer Sarah Cardell called “structurally different” to Microsoft’s original pitch, was given a positive response by the agency. The CMA has sought feedback from the industry on the changes and, barring last-minute glitches, is expected to formally wave the deal through as soon as next week.”
The EU did say it was “closely following the developments in the UK and assessing their potential impact” at the time and when asked by Bloomberg for an update on Wednesday. However, it appears that, based on the report, everything will be good to go for closure.
The deadline for the deal to close without any sort of payments or buyouts is October 18. Many expect it to be closed sooner than that.
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