UK regulator clears Microsoft's Activision takeover, boosting shares.

UK regulators have reversed their stance on Microsoft's proposed acquisition of Activision Blizzard, saying they no longer believe Microsoft would remove the Call of Duty franchise from Sony's PlayStation consoles. The UK Competition and Markets Authority (CMA) said evidence showed that "Microsoft would find it commercially beneficial to make Activision's games exclusive to its own consoles (or only available on PlayStation under materially worse conditions)." However, Microsoft argued that the CMA's financial model was flawed and was able to convince the agency to reverse its conclusion. The CMA still needs to be convinced that the deal won't harm competition in cloud gaming.