10:33 ET -- Activision Blizzard is one of the most mentioned companies in the U.S. across all news items in the last 12 hours, according to Factiva data. Microsoft closed its $75 billion acquisition of Activision Blizzard. The deal was completed after it won approval from U.K. competition authorities. The U.K.'s Competition and Markets Authority said Friday that the proposed deal no longer poses a major threat to competition in cloud gaming. The shift comes after Microsoft offered to restructure the deal by forfeiting cloud-streaming rights for "Call of Duty" and other popular Activision franchises in much of the world. Activision's cloud-streaming rights will instead be sold to French games giant Ubisoft Entertainment. (chris.wack@wsj.com)

 

(END) Dow Jones Newswires

October 13, 2023 10:48 ET (14:48 GMT)

Copyright (c) 2023 Dow Jones & Company, Inc.
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