The European Commission has concluded that changes aimed at winning over the UK Competition and Markets Authority don’t need to go through yet another approvals process in Brussels, according to people familiar with the matter.
Microsoft Corp.’s rehashed $69-billion acquisition of Activision Blizzard Inc. is set to avoid another European Union probe, paving the way for closing of the gaming industry’s biggest ever deal as soon as Britain’s antitrust regulator gives its expected approval in the coming days.
Such a step would have added even more delays to an on-off acquisition that once looked doomed to fail amid opposition from UK and US watchdogs.The company offered to allow Ubisoft Entertainment SA rights to distribute Activision games in the cloud gaming market. In blocking the deal earlier this year, the CMA had previously cited concerns with fair competition in the cloud gaming market, saying that the transaction could result in higher prices, fewer choices and less innovation for UK gamers.
The CMA has sought feedback from the industry on the changes and, barring last-minute glitches, is expected to formally wave the deal through as soon as next week.
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