Microsoft sells Activision streaming rights to Ubisoft to win UK approval for $69 billion deal

Microsoft has agreed to sell the cloud streaming rights for Activision Blizzard’s games to Ubisoft Entertainment, in a bid to overcome the British regulator’s opposition to its $69 billion takeover of the “Call of Duty” maker. The Competition and Markets Authority (CMA) had blocked the deal, which was announced in early 2022, over concerns that Microsoft would dominate…