Britain’s top competition watchdog gave the green light to Microsoft’s proposed $69 billion takeover of gaming firm Activision Blizzard Friday.
The U.K.'s Competition and Markets Authority gave the green light to Microsoft's proposed $69 billion takeover of gaming firm Activision Blizzard, removing the last major hurdle for the deal to close.
"The new deal will stop Microsoft from locking up competition in cloud gaming as this market takes off, preserving competitive prices and services for UK cloud gaming customers," the regulator said in a statement Friday. Cloud gaming is seen as the next industry frontier, offering subscription services that allow people to stream games just as they would movies or shows on. It could even remove the need for expensive consoles, with users playing the games on PCs, mobile and TVs instead.
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