Barbara Kollmeyer is based in Madrid, where she leads MarketWatch's pre-markets coverage of financial markets and writes the Need to Know column. She has worked in London and Los Angeles for MarketWatch previously. Follow her on Twitter @bkollmeyer.
Ending a lengthy saga, U.K. regulators on Friday gave Microsoft Corp. the go-ahead for the tech giant’s $68.7 billion acquisition of videogame holding company, Activision Blizzard.
In August, Microsoft MSFT, -0.38% proposed changing the terms of its buyout offer to win U.K. approval, saying it would license Activision’s ATVI, -0.05% cloud streaming to French videogame publisher Ubisoft Entertainment UBI, +1.33% for games now through the next 15 years. Ubisoft shares rose 1% in Paris on Friday.
Microsoft last year agreed to buy Activision Blizzard for $95 per share. After announcing it would investigate the purchase more than a year ago, the CMA announced in April that it would oppose the deal.
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