London CNN —Microsoft has made a major concession to UK authorities in a bid to remove the last remaining regulatory obstacle to its huge takeover of Activision Blizzard.
The restructured deal, announced by the UK Competition and Markets Authority Tuesday, follows a decision by the CMA to block the acquisition on its original terms.
A US federal court also said in July that it would not block the deal from closing.
The transaction was valued at $69 billion at the time, making it one of the tech industry’s largest deals.
Activision Blizzard is one of the world’s biggest video game developers, producing games such as “Candy Crush,” “Call of Duty,” “World of Warcraft” and “Overwatch.”
Persons:
Sarah Cardell, ” Cardell, Candy, ”
Organizations:
London CNN, Microsoft, Activision Blizzard, European Union, Ubisoft Entertainment, UK Competition, Markets, CMA, Ubisoft —, Economic, Ubisoft, Activision
Locations:
United Kingdom, Paris