CMA Clears Microsoft’s $69 Billion Acquisition of Activision Blizzard

The Competition and Markets Authority (CMA), United Kingdom, has cleared the $69 Billion acquisition of Activision Blizzard Inc. (Activision) by Microsoft Inc. (Microsoft) after a restructuring of the deal. The acquisition was earlier blocked by CMA over the concern that it could stifle the competition in the gaming industry. However, after Microsoft agreed to sell Activision’s streaming rights to Ubisoft Entertainment and allowed non-Windows operating system users to have access to Activision’s content the CMA has now cleared the deal.