Browsing: tech industry shakeup

Microsoft is set to finalize its $68.7 billion acquisition of Activision Blizzard next week. The deal is pending approval from the UK’s Competition and Markets Authority. Microsoft transferred its cloud streaming rights to Ubisoft to address CMA concerns. The decision is expected before the October 18 deadline. The FTC has renewed its efforts to block the deal, citing concerns of suppressing competitors. Microsoft announced its intention to acquire Activision Blizzard in January 2022.