Microsoft’s Activision deal set to get UK’s CMA approval

The bid had been blocked by the UK regulator but a revised proposal is set to be approved

Microsoft got a huge boost in its attempt to clear the final global regulatory hurdle for the $69 billion Activision Blizzard Inc. deal after the UK’s antitrust watchdog said the revised deal offer from the tech giant appeared to address its concerns.

The Competition and Markets Authority (CMA) said Friday that it will consult on the new offer, but Microsoft’s proposal opens the door to the deal being cleared. The new proposal offered to sell some gaming rights to French publisher Ubisoft Entertainment.