Microsoft will be relinquishing the rights to Activision Blizzard's cloud gaming to Ubisoft after UK regulators raised antitrust concerns.
written by Vice Chairman Brad Smith and published yesterday. The shake-up is a response to the UK Competition and Markets Authority , which previously raised concerns over how Microsoft’s $68.7 billion deal could create an unstoppable monopoly in gaming. As such, Microsoft has issued new terms of its deal that transfers rights to all cloud streaming games on PC and console released over the next 15 years to Ubisoft.
Smith says that Microsoft has submitted the new terms of the deal to CMA, which has begun an investigation that could last until October 18—if not longer.“To address the concerns about the impact of the proposed acquisition on cloud game streaming raised by the UK Competition and Markets Authority, we are restructuring the transaction to acquire a narrower set of rights,” Smith says in the post.
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