Hardware FixRecommendedDevice not working? Your driver may be the problemCheck updates for common hardware issues.Fix DriversOctober DealsAmazon USOctober deal check: compare before you payAmazon US: current deals, useful picks and tech finds.Check DealsSlow PC?RecommendedPC slow today? Run a repair scan before it gets worseResolve common Windows issues and optimize system performance.Scan Now×
Skip to content
The Finance Base
The Money Desk · Blog
Re:

Why the UK Blocked Microsoft’s Activision Deal—and What Changed

The UK blocked Microsoft’s original Activision acquisition over cloud-gaming competition concerns, then approved a revised deal that assigned non-EEA streaming rights to Ubisoft.
From TheFinanceBase Team5 min to read

What’s actually slowing this PC down?

Pick the symptom - the matching free tool is one click away.

Special offer. See more information about Outbyte and uninstall instructions. Please review EULA and Privacy policy.

The UK did not ultimately block Microsoft’s acquisition of Activision Blizzard. The Competition and Markets Authority (CMA) blocked the original deal in April 2023 because it feared Microsoft could use Activision’s games to weaken competition in cloud gaming. It later approved a restructured transaction in October 2023, after cloud-streaming rights outside the European Economic Area (EEA) were placed with Ubisoft, an independent supplier.

What happened to Microsoft’s Activision takeover in the UK?

The CMA’s concern narrowed as its investigation progressed. It initially examined how the transaction could affect competition across gaming, but by March 2023 it said the deal would not substantially lessen competition in UK console gaming. Cloud gaming remained the central issue.

As an Amazon Associate I earn from qualifying purchases.

Date UK regulatory decision or development
July 2022 The CMA launched its merger inquiry.
15 September 2022 The CMA referred the transaction for an in-depth Phase 2 investigation.
8 February 2023 The CMA provisionally found competition concerns.
24 March 2023 The CMA said the deal would not substantially lessen competition in UK console gaming, leaving cloud gaming as the live concern.
26 April 2023 The CMA prohibited the original transaction, saying Microsoft’s proposed remedy had significant shortcomings and would require ongoing oversight in a fast-moving market.
21 August 2023 Microsoft announced a restructured transaction that shifted cloud-streaming rights outside the EEA to Ubisoft.
22 September 2023 The CMA said the revised deal substantially addressed its concerns, subject to consultation and protections to make the commitments enforceable.
13 October 2023 The CMA consented to Microsoft acquiring Activision Blizzard, excluding Activision’s non-EEA cloud-streaming rights.

The CMA’s statutory deadline for its Phase 2 investigation was 26 April 2023. The original transaction, which the CMA described as a $68.7 billion deal in 2023, was prohibited on that date; the later consent applied to a materially restructured version, not the original proposal.

Special offer. See more information about Outbyte and uninstall instructions. Please review EULA and Privacy policy.

Why was the CMA worried about cloud gaming?

Cloud gaming lets people play games streamed over the internet instead of buying an expensive console or gaming PC. The CMA’s concern was about who would control important games and the routes through which rivals could offer them—not simply about whether Microsoft would own more game studios.

#1 Best Overall
Xbox Series S | Digital Gaming Console | 512GB SSD | Includes Wireless Controller, 1440P Gaming, 120FPS, Robot White
  • BEST VALUE IN GAMING — Experience next-gen speed and performance in the smallest XBOX ever. The XBOX Series S delivers powerful all-digital gameplay in a sleek, compact design.
  • UP TO 120 FPS GAMEPLAY — Enjoy smooth, responsive gaming with frame rates up to 120 FPS, powered by XBOX Velocity Architecture, a custom NVMe SSD, and DirectX Raytracing for a heightened level of realism.
  • 512GB CUSTOM SSD AND XBOX VELOCITY ARCHITECTURE — Reduce load times dramatically with the custom 512GB NVMe SSD and XBOX Velocity Architecture, enabling lightning-fast performance and seamless world streaming.
  • QUICK RESUME — Seamlessly switch between multiple games and resume exactly where you left off. No more waiting through title screens and loading bars.
  • FOUR GENERATIONS OF DIGITAL GAMES — Play thousands of digital games from XBOX Series X|S, XBOX One, XBOX 360, and Original XBOX with backward compatibility. Many titles are enhanced for better visuals and performance. Smart Delivery ensures you always get the best version for your console.

In its 2023 decision, the CMA estimated Microsoft already held 60–70% of global cloud-gaming services, citing its Xbox business, Windows, Azure and Xbox Cloud Gaming. It said Microsoft might find it commercially beneficial to make Activision games exclusive to its own service. The titles it named included Call of Duty, Overwatch and World of Warcraft.

The regulator considered the stakes potentially significant because cloud gaming could give people access to games without a high-cost device. The CMA forecast in 2023 that the market could be worth up to £11 billion globally and £1 billion in the UK by 2026. It also reported that monthly active UK cloud gamers had more than tripled between the start of 2021 and the end of 2022. These are figures and forecasts published by the CMA in 2023, not measurements of the market in 2026.

Rank #2
Xbox Series S 512GB SSD All-Digital Gaming Console (disc Free) with 1 Wireless Controller - 10GB GDDR6 Memory, 8X Cores Custom Zen 2 CPU HDMI_Cable
  • What's in the box: Xbox Series S 512GB console, 1 Wireless Controller, High Speed HDMI cable.
  • CPU: 8X Cores @ 3.6 GHz (3.4 GHz w/SMT) Custom Zen 2 CPU; GPU: 4 TFLOPS, 20 CUs @1.565 GHz Custom RDNA 2 GPU; SOC Die Size: 197.05 mm2.
  • Memory: 10GB GDDR6 128 bit-wide bus; Memory Bandwidth: 8GB @ 224 GB/s, 2GB @ 56 GB/s.; Internal Storage: 512GB Custom NVME SSD
  • Gaming Resolution: 1440p; Performance Target: Up to 120 FPS; HDMI Features: Auto Low Latency Mode, HDMI Variable Refresh Rate, AMD FreeSync.

Why did Microsoft’s first remedy fail?

Microsoft’s initial proposal was a ten-year behavioural remedy: rules governing which games it would make available to cloud platforms and on what terms. The CMA concluded that the proposal did not adequately protect competition and would leave difficult questions to be resolved through continuing regulatory supervision.

Special offer. See more information about Outbyte and uninstall instructions. Please review EULA and Privacy policy.
  • Subscription coverage: The remedy did not sufficiently cover multigame subscriptions, a way of offering access to a catalogue of games for a recurring fee.
  • Operating systems: It did not adequately support cloud gaming on non-Windows operating systems.
  • Terms set by regulation: The proposal standardised terms that the CMA thought should instead be shaped by competition among providers.
  • Enforcement and disputes: The CMA saw a risk that disagreements about compliance would need to be settled through ongoing oversight in a fast-moving market.

The CMA also considered the potential benefit of adding Activision games to Game Pass. It concluded that this would not outweigh the competitive harm it identified, including the possibility that Microsoft could later raise Game Pass prices after adding Activision content.

Rank #3
Sale
XBOX Wireless Gaming Controller | Pulse Red | Textured triggers and bumpers, Hybrid D-pad, XBOX Wireless, Bluetooth, USB-C, Play across Console & PC & Cloud Devices
  • MODERNIZED DESIGN — Experience the modernized design of the XBOX Wireless Controller with sculpted surfaces and updated geometry that enhances comfort and control during long gaming sessions.
  • PRECISION PERFORMANCE — Stay on target with a hybrid D-pad and textured grips on triggers, bumpers, and back case for improved accuracy and handling.
  • SHARE BUTTON: Seamlessly capture and share content such as screenshots, recordings, and more with the new Share button.
  • VERSATILE CONNECTIVITY — Connect via USB-C for plug-and-play on console and PC, or quickly pair and switch between supported devices with XBOX Wireless and Bluetooth support.
  • BUILT-IN AUDIO SUPPORT — Plug in compatible headsets using the 3.5mm audio jack for direct voice chat and immersive in-game sound.

How did Ubisoft change the deal?

The revised transaction changed who controlled cloud-streaming rights outside the EEA. Instead of leaving those rights under Microsoft’s control subject to its proposed rules, it made Ubisoft an independent supplier of Activision cloud-streaming rights in that territory.

Under Microsoft’s August 2023 account of the arrangement, Ubisoft received rights covering current and new Activision Blizzard PC and console games released over the next 15 years; Microsoft said the rights were in perpetuity. Ubisoft could offer those games directly to consumers or license them to cloud providers. The revised arrangement allowed for both buy-to-play and multigame subscription models. Microsoft also committed to porting Activision games to non-Windows operating systems and supporting emulators when requested.

Rank #4
MENEEA Cooling Fan Dust Proof for Xbox Series X Console with Colorful Light
  • 【Necessary for Xbox Series X】---- This product integrates many functions, such as top cooling fan, dust-proof, light strip, USB interface for data transmission and USB port for charging. It helps to prevent for Xbox Series X console from over-heating and dust to extend the life of your console. (NOTE:When the console is working, the dust cover of the fan can be removed to speed up the heat dissipation effect. Alige the two holes under the dust cover first, then cover the dust cover.)
  • 【Efficient Fan System】---- A high-speed large fan are built in the colorful dust-proof cooling fan,which can accelerate the hot air exhausted from the top of the console and reduce the temperature for Xbox series X console. The cooling fan stand with 3 gears and is a touch switch. The low gear is orange, the second gear is blue, and the high gear is green.The heat dissipation effect is more obvious, and the noise is very low, which you can hardly feel.
  • 【Colorful Light Strip】---- The cooling bracket for Xbox seris X supports colorful lights and can change the light color with an independent touch switch. The light strip contains 6 monochromes and 1 mixed color. You can use the independent touch switch to change your favorite colors and own a more atmosphere in the process of the game. (NOTE: pressing the light switch for the 7th time will turn light off.)
  • 【3.0 USB & USB Charge Port】---- There are 2 USB interfaces in total, one blue 3.0 USB interface supports 3.0 data transmission, another white 2.0 sub interfaces ONLY can charge more products, such as controller, mobile phones, small desk lamps, etc.It is convenient to provide USB interface in the process of your game.
  • 【Dust Cover Filter】---- The cooling top bracket for Xbox seris X supports top dust proof,At the same time, the product contains 2 sets * dust cover compatible with Xbox Series X, 1 set * silicone dust plugs,which have accurate size and easy to install and replace without additional tools. Prevent dust from entering the USB and HDMI ports for Xbox Series X, extend the life of your console.

The geographic boundary matters. The CMA’s October 2023 consent excluded Activision’s non-EEA cloud-streaming rights from Microsoft’s acquisition. Microsoft said it retained obligations in the EEA under its commitments to the European Commission. The UK decision therefore should not be read as saying Ubisoft held these rights worldwide.

Special offer. See more information about Outbyte and uninstall instructions. Please review EULA and Privacy policy.
Independent reader supportYour contribution helps us test, update, and keep practical guides available for everyone.Support on Ko-Fi

Original proposal versus restructured transaction

Issue Original transaction and remedy Restructured transaction
Who controlled non-EEA cloud rights? Microsoft would control the rights, subject to its proposed behavioural remedy. Ubisoft became the independent supplier of Activision cloud-streaming rights outside the EEA.
Could rival cloud providers get the games? The CMA found the proposed arrangements did not adequately address the risk to rival cloud services. Ubisoft could license the games to all cloud providers or offer them directly to consumers.
Were subscriptions and non-Windows systems addressed? The CMA said multigame subscriptions and support for non-Windows systems were not adequately covered. Ubisoft’s licensing rights covered buy-to-play and multigame subscription models; Microsoft also committed to non-Windows ports and requested emulator support.
How long did the obligations last? Microsoft proposed a ten-year behavioural remedy. Microsoft described Ubisoft’s rights as covering games released over the next 15 years and as being in perpetuity. Microsoft retained EEA obligations under its European Commission commitments.
How was competition meant to be protected? Through behavioural rules governing Microsoft’s conduct, which the CMA said would need ongoing oversight. By placing non-EEA cloud rights with an independent supplier able to license them to competing services.

The CMA’s distinction was structural rather than merely a matter of extending or rewriting the first set of rules. Its senior director of mergers said on 22 September 2023 that the revised deal kept cloud distribution of the games “in the hands of a strong independent supplier, Ubisoft, rather than under the control of Microsoft.”

Best Value
Sale
Xbox Wireless Gaming Controller | Elite Series 2 | Black | Adjustable Thumbsticks, Trigger Locks, Interchangeable Components, XBOX Wireless, Bluetooth, USB-C
  • PLAY LIKE A PRO — The XBOX Elite Wireless Controller Series 2 features over 30 ways to play like a pro. Designed in collaboration with pro-level players, it puts exceptional performance, customization, and durability where it matters most.
  • ADJUSTABLE-TENSION THUMBSTICKS — Fine-tune your aim with thumbsticks that let you adjust resistance for improved accuracy, consistency, and control in every match.
  • SHORTER HAIR TRIGGER LOCKS — Fire faster and react quicker with three-step hair trigger locks that reduce pull distance for rapid input in competitive gameplay.
  • INTERCHANGEABLE COMPONENTS — Swap thumbstick toppers, D-pads, and paddles to tailor your controller to your preferred gaming style. Includes 6 thumbsticks, 4 paddles, 2 D-pads, carrying case, and charging dock.
  • SAVE AND SWITCH PROFILES — Save up to 3 custom profiles on the controller and switch between them on the fly with the dedicated Profile button. Even pick which color the XBOX button lights up as.

Did the UK eventually approve the Activision deal?

Yes—but only after the deal was restructured. The CMA prohibited the original transaction on 26 April 2023 and consented on 13 October 2023 to Microsoft acquiring Activision Blizzard without Activision’s non-EEA cloud-streaming rights. In announcing its assessment of the revised deal on 22 September 2023, the CMA chief executive said the merger could proceed only if competition, innovation and choice in cloud gaming were preserved.

The approval resolved the UK merger-control question for the revised transaction; it was not a finding that the original proposal had no risks. The decision also does not establish present-day cloud-game availability, prices or subscription terms, which can change independently of the rights allocation the CMA assessed.

Product prices and availability are accurate as of the date/time indicated and are subject to change. Any price and availability information displayed on Amazon at the time of purchase will apply.

Special offer. See more information about Outbyte and uninstall instructions. Please review EULA and Privacy policy.

Leave a Reply

Your email address will not be published. Required fields are marked *

Special offer. See more information about Outbyte and uninstall instructions. Please review EULA and Privacy policy.

More post from the Money Desk

  1. The Money DeskBlogTheFinanceBase09 OCT 267 minMortgage Escrow FAQs: Taxes, Insurance, Shortages, and Refunds
  2. The Money DeskBlogTheFinanceBase09 OCT 265 minHow Mortgage Escrow Accounts Work and What Homeowners Pay For
  3. The Money DeskBlogTheFinanceBase09 OCT 265 minHow to Read a Stock Chart, Volume and Market-Cap Data
Recommended PC Tool
Recommended PC Tool
Windows Errors? Fix Them Before They SpreadFree repair scan
Outdated Drivers Are Slowing You DownFree scan - exact matches

Two free Windows tools

One Free Minute Could Fix That PC

Before you go - each of these free tools takes about a minute and tackles what quietly slows a Windows PC down.

Special offer. View Outbyte info, uninstall instructions, EULA, and Privacy Policy.