UK regulator signals approval for Microsoft to buy Activision Blizzard ...Middle East

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UK regulator signals approval for Microsoft to buy Activision Blizzard
Microsoft’s restructured acquisition of Santa Monica video game giant Activision Blizzard “opens the door” to the deal being cleared, U.K. regulators said Friday, removing a major hurdle for closing what would be the gaming industry’s largest merger. The deal was initially blocked by the U.K.’s Competition and Markets Authority in April, after the regulator raised concerns that the deal would harm competition in cloud-based gaming in the country. Under the new agreement, Microsoft will not purchase the cloud gaming rights held by Activision, which will instead be sold to an independent third party, rival gaming firm Ubisoft. As a result, Microsoft would not

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