"UK Regulators Clear Path for Microsoft's $69 Billion Activision Blizzard Takeover"

The UK's competition watchdog, the Competition and Markets Authority (CMA), has approved Microsoft's $69 billion takeover of gaming company Activision Blizzard, clearing the way for the deal to close. However, the CMA has stipulated that Microsoft cannot acquire cloud gaming rights as part of the deal, in order to preserve competition in the nascent cloud gaming market. This decision marks a major U-turn from the CMA, which had previously blocked the deal over concerns of reduced competition. With the CMA's approval, Microsoft should now be able to proceed with the acquisition.