Microsoft has submitted a new proposal to U.K. regulators for its takeover of Activision Blizzard after its initial proposal was rejected. Microsoft's president, Brad Smith, stated that the company has taken the concerns of regulators seriously and has worked to address them in order to advance competition and eliminate anti-competitive concerns. Under the new deal, Microsoft will not acquire cloud rights for existing Activision PC and console games, and French gaming publisher Ubisoft will acquire those rights instead. The U.K.'s Competition and Markets Authority will investigate the new proposal with a decision deadline of October 18.

The post Microsoft’s president on fresh bid for Activision Blizzard: ‘Up to the regulators’ to decide appeared first on Balanced News Summary.