In a surprising turn of events, Microsoft’s CEO, Phil Spencer, announced today a modification to the company’s proposed acquisition of Activision Blizzard. The decision comes as a response to concerns raised by the UK Competition and Markets Authority (CMA) regarding the impact on cloud game streaming.
To address these concerns, Microsoft will be transferring the cloud streaming rights for all current and future Activision Blizzard PC and console games released over the next 15 years to Ubisoft. This move aims to ensure compliance with the European Commission and existing streaming agreements, while also alleviating the concerns raised by the CMA.
Microsoft has taken the initiative to inform the CMA about this modified transaction and is optimistic about the review process. They anticipate that it will be completed before the 90-day extension in their acquisition agreement with Activision Blizzard expires on October 18.
In expressing his gratitude, Phil Spencer acknowledged the exceptional leadership shown by Sarah Bond and the entire team throughout this process. Their dedication and hard work have been instrumental in navigating this complex acquisition.
Despite this modification, Microsoft remains committed to delivering the benefits of the acquisition to players, creators, and the industry as a whole. This move towards making gaming accessible to everyone across the globe is seen as a significant step in fulfilling their ultimate goal.
This unexpected change in the proposed acquisition has left gamers and industry experts speculating about the implications for the future of cloud game streaming. With Ubisoft now holding the rights to the Activision Blizzard games, there may be new opportunities for innovation and enhanced gaming experiences.
As players eagerly await the completion of the review process, they can rest assured that Microsoft is dedicated to addressing concerns and ensuring a smooth transition. The acquisition of Activision Blizzard holds great promise for the gaming community, and this modification demonstrates Microsoft’s commitment to making it a success. Stay tuned for further updates on this evolving story.
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