By Elena Vardon

Microsoft's proposals to modify its $75 billion Activision acquisition address the concerns with the U.K. antitrust authority, the regulator said in a provisional decision Friday.

The U.K. Competition and Markets Authority said that the new deal submitted by Microsoft should lessen any harm to competition in cloud gaming.

The CMA said that the restructured transaction--through which Activision would sell its cloud gaming rights to Ubisoft--opens the door to the deal being cleared.

The regulator is consulting on remedies put forward by Microsoft to address residual concerns it has before making a final decision, it said.

The CMA opened a consultation on these remedies which will last until Oct. 6, it added.

Write to Elena Vardon at elena.vardon@wsj.com

(END) Dow Jones Newswires

September 22, 2023 02:48 ET (06:48 GMT)

Copyright (c) 2023 Dow Jones & Company, Inc.
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