The UK Competition and Market Authority announced on the 13th that it has accepted Microsoft's concession to relinquish cloud game rights and approved its completion of a $69 billion acquisition of video game company Activision Blizzard.
In April of this year, the UK Competition and Market Authority blocked this transaction, stating that in its initial investigation, the agency found that Microsoft had already gained a strong position in the cloud gaming industry. This acquisition may "combat innovation in the coming years and reduce the choices for UK video game users".
In August, Microsoft made a concession and gave up the cloud game copyright of Activision Blizzard, which was purchased by French gaming company Ubisoft Entertainment. Subsequently, the UK Competition and Markets Authority agreed to review the transaction and completed a new round of investigations launched in August on the 13th, ultimately approving the acquisition.
The UK Competition and Market Authority said that the new agreement will prevent Microsoft from forming a monopoly in the early stages of the cloud gaming market, retaining competitive prices and services for UK cloud gaming users.
Previously, the European Union and the United States had approved the acquisition in May and July, respectively. Obtaining regulatory approval from the UK means that Microsoft has completed what the media has dubbed the largest acquisition in the history of electronic games.
Activision Blizzard was founded in 2008 in California, USA, listed on the Nasdaq Stock Exchange and included in the S&P 500 Index. It is one of the most valuable video game companies in Europe and America.