Ubisoft to Acquire Activision Blizzard's Cloud Gaming Rights

Ubisoft to Acquire Activision Blizzard's Cloud Gaming Rights

Business

22 August 2023 19:23

Microsoft will transfer Activision Blizzard cloud gaming rights to Ubisoft to circumvent UK's CMA's decision. Microsoft stated "As a result of the agreement with Ubisoft, Microsoft believes its proposed acquisition of Activision Blizzard presents a substantially different transaction under UK law than the transaction Microsoft submitted for the CMA’s consideration in 2022. As such, Microsoft today has notified the restructured transaction to the CMA and anticipates that the CMA review processes can be completed before the 90-day extension in its acquisition agreement with Activision Blizzard expires on October 18."

"Under the restructured transaction, Microsoft will not be in a position either to release Activision Blizzard games exclusively on its own cloud streaming service – Xbox Cloud Gaming – or to exclusively control the licensing terms of Activision Blizzard games for rival services."

Tags: Ubisoft

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Ubisoft to Acquire Activision Blizzard's Cloud Gaming Rights

Business

22 August 2023 19:23

Tags: Ubisoft

Microsoft will transfer Activision Blizzard cloud gaming rights to Ubisoft to circumvent UK's CMA's decision. Microsoft stated "As a result of the agreement with Ubisoft, Microsoft believes its proposed acquisition of Activision Blizzard presents a substantially different transaction under UK law than the transaction Microsoft submitted for the CMA’s consideration in 2022. As such, Microsoft today has notified the restructured transaction to the CMA and anticipates that the CMA review processes can be completed before the 90-day extension in its acquisition agreement with Activision Blizzard expires on October 18."

"Under the restructured transaction, Microsoft will not be in a position either to release Activision Blizzard games exclusively on its own cloud streaming service – Xbox Cloud Gaming – or to exclusively control the licensing terms of Activision Blizzard games for rival services."

Share:

Sources:

Report mistake Submit news

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