UK Approves Microsoft's $69B Activision Blizzard Acquisition After Concessions on Cloud Gaming Rights

UK antitrust regulator approves Microsoft's $69 billion acquisition of Activision Blizzard after companies agree to give up certain cloud gaming rights.

Deal removes final regulatory hurdle - was previously blocked by UK competition watchdog over cloud gaming concerns.

Microsoft and Activision proposed restructured merger to address concerns, allowing Activision's cloud streaming rights outside of EU to be sold to rival Ubisoft.

Acquisition expected to boost Microsoft's gaming capabilities and help it compete with Sony and Tencent.

Microsoft says this was the final regulatory approval needed to close the landmark tech deal in the coming days.