Activision shares move close to Microsoft offer price after U.K. regulator blesses Ubisoft side deal

Activision Blizzard shares
ATVI,
-0.23%
rose 2% to $93.98, moving close to Microsoft’s
MSFT,
-0.39%
$95 per share offer, after the U.K. competition regulator said the sale of cloud gaming rights to Ubisoft
UBI,
+3.62%
“substantially addresses” its previous concerns. “The sale of Activision’s cloud streaming rights to Ubisoft will prevent this important content – including games such as Call of Duty, Overwatch, and World of Warcraft – from coming under the control of Microsoft in relation to cloud gaming,” said the regulator. The U.K. regulator still has not made a final decision, which is expected next month. The companies have an Oct. 18 deadline for the deal to complete.