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Big Law

Microsoft’s $69 Billion Deal to Acquire Activision Blizzard is Cleared by Britain

Xbox maker Microsoft closed its $69 billion deal for Activision Blizzard on Friday, swelling its heft in the video-gaming market with best-selling titles including “Call of Duty” to better compete with industry leader Sony.

Britain finally cleared Microsoft’s acquisition of Activision earlier in the day after it forced the Xbox owner to sell the steaming rights to address its competition concerns.

The deal was blocked in April by the Competition and Markets Authority (CMA) which said it could give the U.S. computing giant a stranglehold over the nascent cloud gaming market.

Read the source article at Yahoo Finance

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