Microsoft is significantly restructuring its Activision Blizzard merger proposal by selling cloud gaming rights for Activision Blizzard games to rival Ubisoft..
late yesterday. That would address a key concern of UK regulators, which blocked the deal in part become of Microsoft's potential dominance in cloud gaming — but nothing is likely to be approved until October 18th.
"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," Microsoft President Brad Smith wrote. If the merger goes through, Microsoft would transfer"cloud streaming rights for all current and new Activision Blizzard PC and console games released over the next 15 years to Ubisoft Entertainment SA, a leading global game publisher. The rights will be in perpetuity," Smith added. That means Microsoft wouldn't be able to make Activision Blizzard games exclusive for Xbox Cloud Gaming, nor have any say on how they're released on rival services.
As for the terms of the transaction,"Ubisoft will compensate Microsoft for the cloud streaming rights to Activision Blizzard’s games through a one-off payment and through a market-based wholesale pricing mechanism, including an option that supports pricing based on usage," Smith said. Great deals on consumer electronics delivered straight to your inbox, curated by Engadget’s editorial team.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Microsoft proposes Ubisoft license to win U.K. approval for Activision Blizzard buyoutMicrosoft will change the terms of its Activision Blizzard buyout offer in a new effort to win approval from the U.K. competition regulator.
Read more »
Microsoft to sell off Activision cloud gaming rights to Ubisoft in bid for UK approvalA big change to Microsoft’s Activision Blizzard acquisition.
Read more »
Europe stocks open higher; Ubisoft rises 6% on restructured Microsoft-Activision dealEuropean stock markets opened higher Tuesday after posting cautious gains to start the week.
Read more »
UK opens new probe into Microsoft's purchase of Activision By ReutersUK opens new probe into Microsoft's purchase of Activision
Read more »