Microsoft set to secure final approval for $69bn purchase of games giant Activision 

The move represents a stunning turnaround for a deal that was once thought over after running up against concerns from antitrust regulators

The restructured offer to sell some gaming rights to French publisher Ubisoft Entertainment is expected to keep competition in cloud gaming open for years, the regulator said.

Microsoft's $69bn (€64bn) acquisition of Activision Blizzard looks set to clear its final regulatory hurdle after the UK competition authorities signalled they will accept the latest concessions, ending a wait of more than a year-and-a-half to complete the biggest ever gaming deal.

The Competition and Markets Authority, or CMA, said that Microsoft’s proposal opens the door to the deal being cleared. The restructured offer to sell some gaming rights to French publisher Ubisoft Entertainment is expected to keep competition in cloud gaming open for years, the regulator said. It will consult on the offer until October 6.