Microsoft has submitted a new Takeover Deal for Activision Blizzard to the U.K.'s Competition and Markets Authority (CMA) after its initial proposal was rejected. The CMA will now investigate the restructured agreement, with a decision deadline of October 18. Under the new deal, Microsoft will not acquire cloud rights for existing and new Activision games, which will instead be divested to French game publisher Ubisoft Entertainment. The CMA has been critical of the takeover, citing concerns about competition in the cloud gaming market. The deal has already been cleared by regulators in the European Union and the U.S.

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